Look at how many times the words "going concern" was mentioned in the "Amendments to Debt Facilities statement". This is the prime motivation for these equity conversion and huge dilution to existing shareholders (given up 45% of the company!!!), they have no choice.
Good luck, I'm selling at the open.
Going Concern
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
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| LYC (ASX) Chart |