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Discount on SP/VWAP.......15% sound right?

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shovel40

7,415 Posts.

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09/11/20

19:39

Post #: 48747024
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Originally posted by McKhenry: ↑

I think this is required to finalise financing would need a liquid position. They had to demonstrate their road to profitability to get the financing, they have done that, no doubt the funder wants them to stay liquid and not be diluted further.

8 to 10m for me

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Originally posted by Melways: ↑

Very good point.....Bell Potter have no doubt stitched us up here once again.

IMO, the CR will be to remove the debt. Not a bad idea but certainly wish it was done weeks ago when the SP was north of 8c.

Yes more dilution but I personally prefer this than continuing to pay a truck load of more interest and also failing to get the ~$10m discount on the sale price of Lifx

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Discount on SP/VWAP.......15% sound right?

BUD Price at posting: 5.6¢ Sentiment: None Disclosure: Held
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