My estimate is that they will issue at least another 500m shares
ie $40mill / 8cps (maybe 7cps or less)
That will take FML from about 3b to at least 3.5 billion
This becomes a joke and would require a soon to follow SC.
I'd prefer an extreme SC, say 50:1, to take FML out of the 'joke' area.
Hence 3.5b / 50 = 70m
8cps * 50 = $4.00
Probably be able to pick up some some for $3.50
All conjecture.
what they said and when, page-5
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11.5¢ |
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Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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