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Fonix Mobile – shares sales “in order to satisfy strong institutional demand”. A few issues...

By Steve Moore | Thursday 23 June 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Fonix Mobile (FNX) has announced that “selling shareholders… have successfully sold a total of 6,666,667 placing shares at a price of 150 pence per placing share… in order to satisfy strong institutional demand”. If it says so!...

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