Flote Gone. Bigger Strategy Emerging?, page-2

Aussie, please just stop with these ChatGPT produced posts.

The most recent announcements tell you everything you need to know about this stock.

The Strategic shift to a Global Financial Super App is the company pivoting yet again. After the NASDAQ/SPAC story collapsed, the company now is trying to rebrand itself as a “super app.” They are using big buzzwords, but once again there is no evidence of a plan, nor any information on execution.

The 300million USD deal that was meant to deliver the NASDAQ pathway is now gone. What was previously promoted as a major catalyst for the company has simply disappeared, and Float has filed for capter 7 bankruptcy

They recently raised $5M at a discount, issuing hundreds of millions of new shares. Massive dilution yet again, the OVT playbook, where the share count keeps expanding while shareholder value shrinks. This money is now all but gone.

After flooding the market with cheap stock, management now wants to consolidate the shares which is a classic penny-stock reset after heavy dilution. This has been shown time and time again in penny stock death spirals
Dilution - price collapse - consolidation - new narrative - repeat.

There is a reason the stock sits at $0.001, the lowest available trading price on the ASX, with no buyers.

This isn’t PayPal, this isn’t SoFi, and this isn’t Revolut.

This company is on life support, and people are rightly avoiding investing in it.