Just wanted to get your opinions on where the Share price should be.
Considering directors will not be taking a salary and existing trial costs will cease, Cash burn on this will be low. The cash should last some time and the board may very well get the company back up. The Company held cash reserves at the end of the quarter of $4.047 million as mentioned in previous Sept Ann. All is not over and the company still has some value.
Bought a small parcel 2 days ago because i personally think that considering FTT has some cash in the bank and decent amount of R&D refund expected, 0.002-0.003 is a bargain.
From my calculations, i think it should be around 0.004 and is currently undervalued.
Is worth 0.004 or 0.005 right now with the $$ in the bank, R&D refund due and other assets ?? What do you guys think ?
FTT Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
