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Falanx says feck you to its shareholders yet again as it issues yet more options

There were two reasons why I eventually dumped my shares in Falanx (FLX) at a loss. The first was serial non delivery. There was a different excuse every time it missed targets and I shall turn to today’s abject trading statement in a separate piece. Suffice to say that if this company predicted that the sun would rise tomorrow, my instinct would be to dismiss this as just another fanciful aspiration. The second is the issue of share options.

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