Fair question there noomxx. Agree that traders would have left...

Fair question there noomxx. Agree that traders would have left the building at 50c/60c/70c level.

One poster shared The Boat Fund's exiting comments back in Dec last yr that "Investors now will struggle to regain confidence in the company and we expect the stock to languish around current levels for a protracted period".

Eight Investment Partners was one of the early investors in FIG, having bought in at 27c pre-IPO via a convertible note arrangement. Below is an extract from their most recent half-yr report having exited their position at close to the high:

"In the CIO Report for the period to 31 December 2016, I noted that Freedom looked set for a big year in 2017 having listed at 35c in December 2016. The shares peaked at over 90c in July 2017 but pulled back during the third quarter. We sold our position at an average price just above 70c, resulting in a strong return on our pre-IPO entry at around 27c. The decision to exit was driven by concern that the launch of their new products may incur larger expenses with a slower ramp-up than expected given their greater complexity. Subsequently, the company warned their earnings would be lower than previously
expected and the shares closed the year at 47c".

Where to from here - who knows? Share price now back to 35c at IPO price, PE at around 6x, still profitable although cost base has gone up in past 6 mths.

Someone trying to shake this thing out amid the negativity ....?

Testing the brave and the patient ones ...