the cumbersome capital base

Below is an extract from a Minesite/FML interview

16/9/09
""On the market, investors have reacted positively to the news that Focus has been hitting its targets. The stock has risen by an eye-catching 45 per cent over the past two weeks, up from A2.6 cents to A3.8 cents, low numbers which reflect the monstrous amount of paper in circulation: 2.65 billion shares. At some point management will address that cumbersome capital base, if only because an ultra-low share price creates a belief that the stock is a penny dreadful."""

Good to read that management are wearing their investor focus on their sleeves.

I wonder what the reduction plan will be.

Wanted.. Coolgardie resident to act as a fly on the wall in FML boardroom. No pay, and all the spilled sugar you can eat at the site canteen. Must have good hearing.

At .057 is FML still ultra low? Any thoughts.

Cheers