Timing for a CR is about right. They will need the funds to bring their incredibly mismanaged trails to fruition.
Factor has such a marvellous product but the way they have attempted to get it to market is a lesson in how not to do things. The failure in getting the ECM cost the company many millions in lost sales and delayed establishing a market position.
This probably means more dilution for we poor long suffering shareholders. Especially those of us who recall a share price around 50c.
I will take a deep breath and see what comes.
FTT Price at posting:
4.7¢ Sentiment: Hold Disclosure: Held