Mobile payments and messaging services company Fonix Mobile (LON: FNX) has been quoted for more than three months and there has been an upward trend to the share price.
London-based Fonix was founded in 2006. Last October, shareholders in Fonix raised £45min a placing at 90p a share. The company did not raise any cash. Clients include Bauer Media, BBC, ITV and BT and it has a good track record of hanging onto these clients.
The cash figure in the balance sheet appears high but that is due...
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