Looking at the market reaction this morning , It seems that a few investors think that LDA are going to sell these 8,750,000 shares into the market within the next 10 trading days , I however think differently . LDA Capital understand that the Akida device is only weeks away from being released , LDA will also have enough money on hand to pay for this instalment without the need to sell any of the shares . For example , if they keep the entire amount of 8,750,000 shares and the average price is 0.525 vwap adjusted over the next 10 trading days , the outlay will only be $4,593,000 . A far better return will be had on 8,750,000 shares after expected positive news flow in September .
Was this mornings selling conducted by professional institutional investors or retail investors ? , either way LDA Capital will appreciate the reduction in price , as will the pip traders and some shorters .
This raises a second point , the estimated $4,593,000 will not satisfy the minimum $9,200,000 requirement , thus meaning another Put option agreement will be required before the 22nd of October 2021 . With the minimum estimated value based upon the above example , an amount remaining outstanding of $4,606,250 to satisfy the contractual requirements will need to be addressed . I expect this to be announced after positive news flow , further reducing dilution . We may also see the company seek additional funds well above the minimum , again for expansion and growth .
All in my opinion .....
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19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $382.6M |
Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 18.3¢ | $2.707M | 13.94M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 93761 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 829397 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 93761 | 0.190 |
9 | 361364 | 0.185 |
39 | 1271164 | 0.180 |
25 | 995878 | 0.175 |
37 | 1305136 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 829397 | 11 |
0.200 | 558430 | 13 |
0.205 | 993584 | 17 |
0.210 | 599828 | 23 |
0.215 | 582193 | 11 |
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