So... no-one has a theory? There are a range of possibilities. FLN is largely debt-free, so they could borrow and/or could issue more stock.
They could write down the user accounts and just close a bunch of "inactive" ones (which of course precipitates more of the fights that they are already having with freelancers, mad that they can't get their money out).
Still, it's unusual. Not sure how many ASX companies share FLNs working capital, tangible asset, growth and profit situation, but I doubt it's many.
So... no-one has a theory? There are a range of possibilities....
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Last
18.0¢ |
Change
-0.010(5.26%) |
Mkt cap ! $81.16M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $33.98K | 187.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 91844 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 35000 | 1 |
View Market Depth
| Last trade - 15.37pm 26/06/2024 (20 minute delay) ? |
| FLN (ASX) Chart |