Ann: Flexiroam Secures Partnership with Malaysia Airlines, page-7

For once, I completely agree with you! It is absolutely the problem (or has been). The register is very tightly held, I believe @brendankok mentioned less than 10% of the SOI ~220m is tradeable, so it's impossible to day trade.

Most of these 20m would be poor retailers that are trapped from IPO @20c, and have probably given up, much like NOR, ZIP & UNL.

If you sink anything into FRX it has to be on the basis of believing in the business fundamentals and valuation of the business.

@mal85 seems, quite an astute numbers guy, and he's reasonably conservative so perhaps give his posts a read.

The return will hopefully come to holders via a possible future dividend or acquisition by a bigger player.

I believe reaching cash flow positive, with $2m at bank and with steady, sustainable growth and the eSIM technology threat lifted (ie. they have built their own platform) things are looking good.

I'll have to run the numbers on the deal, initial thoughts are they would expect similar uptake rates to those of the recent Scoot Airlines partnership. @flexiroam are you able to provide approximate numbers for us on the Scoot conversion rates, or is this commercial in confidence?