I would like to know who took the rather large shortfall @ 3 cents from the last CR. If they were the so called sophisticats then they may have decided to get out without any great loss. Also it most likely started a stop loss chain of events.
In the end the overall turnover was not that great so we can expect a dead cat bounce tomorrow in my opinion.
A pacifying message from PM would not go astray as well.
I'm also thinking that the closing date for the current rights issue will have to be extended & the issue price adjusted.
Certainly a disapointing days trading in our favourite stock. Cheers & better times ahead for us all.
FNT Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held