Suggest ASX should look at the compliance for the listing with this company.
The numbers currently suggest that they are on the bones of their a with cash.
The Directors of Family Insights no doubt were fully aware that to stay listed as a public company, they had to do something and fast. Because they knew they would have been on the ASX radar.
They know this space.
imo the only way for survival is the current course of action with another CR to follow, with a "special" deal to those on the inside "sophisticated" investors.
However, it all depends on Family Insights getting customers, if not, the whole exercise is a sham and will collapse. Maybe "they" know the subscription take up is gathering momentum and now is the time to strike
The triangle is all around the wrong way.
The product seems to be irrelevant
- its the deal and the manipulation of a story to make money for those on the inside, that's the business model and the game.
If you are not on the inner workings of the system you are pis....... your money up against the wall.
They have all made their loot during the journey and will now hit the jackpot at a cheap entry point if it gets traction
