Frx have been raising a few 2-3m round of fund raising in last few years and give no traction at all but just to buy time. How long will this 5-7m going to last ? Look at the hiring rate plus new initiatives - how long this fund going to last ? Its going no where again after depleted the cash raised. A strategic investor might need to pay premium on top of market price of 3-4c to take up majority control & pump in significant amount of money to make a meaningful impact. Whilst we might be diluted, but we will share a bigger pie. it is CEO & Board job to convince the strategic investor to pay premium if they have good business plan & company is undervalue due to lack of liquidity ( Top 10 shareholders controlled 70-80% of total shares ).
Frx have been raising a few 2-3m round of fund raising in last...
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Last
2.7¢ |
Change
0.003(12.5%) |
Mkt cap ! $20.18M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.7¢ | 2.5¢ | $2.018K | 79.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 315868 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 149999 | 1 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
2.5¢ |
Change
0.003 ( 19.1 %) |
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| Open | High | Low | Volume | ||
| 2.5¢ | 2.5¢ | 2.5¢ | 130895 | ||
| Last updated 14.35pm 06/05/2024 ? | |||||
| FRX (ASX) Chart |