Agree with you partially on point 1 but it did not look good having such a significant revenue decrease year on year and as such the technicals need to stand on its own.
On point 2, if it is a bargain then directors and management would be buying.
On point 3, I am finding this for a lot of the companies that are listing on the ASX but based in Asia. Patersons were also behind DN8 which was a dismal failure on listing.
Still not sold on this as it stands today and just glad I got out while I did... But then again, hate shareholders losing money so hope it recovers for those that were especially part of the IPO.
FRX Price at posting:
10.5¢ Sentiment: Hold Disclosure: Not Held
