Gosh!!! FML pairing the dreaded share consolidation to a capital raising as a way to ease the pain would be most unlikely i think ! In fact it would probably do me in!!!
At the moment FML management spend what they earn - seems logical to me.
And they are earning heaps. At the AGM CB said they were spinning out $1m cash flow profits a month back then - now it would be much more.
They said they'd find an attractive pairing event to hitch the consolidation to - no one ever considers a capital raising an attractive event !!! - unless they lure in a reputable investor who is prepared to pay a market premium to secure a decent holding.
That keystone-investor-paying-up-a-premium-price event wouldn't be a capital raising - that would be an event to celebrate.
under capitalised needs share issue, page-13
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Last
14.3¢ |
Change
-0.008(5.00%) |
Mkt cap ! $40.83M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.3¢ | 14.0¢ | $47.71K | 340.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 583 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 13428 | 1 |
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| Last trade - 15.59pm 17/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |