Have a little more patience for a very short time...
A lot more than they own now. They are putting $8 million into series B ($6million at 25% discount) the value of which will be far in excess of our current MCAP
Hint: we are 50% below where we historically trade in relation to NAV. Why would you sell? Not taking into account any news that may or may be about to land.
It’s a very bullish sign..we may have reached an impasse where those who are holding are happy with what they have,those who were no longer happy holding have sold up.
Let’s see what happens
So important that everyone looks at the following figures...
Then buy or sell on the evidence...
Look at the last 3 half years and last 2 full years results comparing NAV with SP. Looking at these 5 we know FFWD always trades above NAV until today’s half year. The figures below are NAV followed by SP
Dec 16 half year 7.9p ......10.2p July 17 full year results 7.6p ..... 10.2p Dec 17 half year 9.18p.........13.88p July 18 full year results 10.18p.....13.13p Dec 18 half year 11.40p....10p