Ann: Trading Halt, page-43

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BennyTheBall

390 Posts.

184

03/06/19

22:00

Post #: 38888445
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Originally posted by onmyway..: ↑

Be interesting to hear the pitch to the investors and how likely they see sales in the near term.
They are trying to do this CR quick so if sales around the corner far easier. in way it is good they don't drag this out and get on with the business of sales and production of the units. (and selling woundvue)

On the other hand it will be disappointing that they have not gone to SPP and shared the coming fortunes (ie SP rise following some sales) with their existing shareholder base.

have been on a couple of penny stocks lately that have done a CR and have bucked the trend and the SP has actually gone up as good news announced shorty thereafter. (companies with integrity)

$5M is not a huge amount and the dilution at 14.5cents is not massive and I imagine is calculated to get them through to break even (for the second time I know!). or to get them through to enough sales to appoint distributors and the to be a firm take over target.

if their next sales are not far away this will only go up and sub 20c a thing of the past.

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I am not convinced the SA GOVT loan is a sure thing. Yes we have drawn tranch 1, however I wasn't confident when hearing Ray Ridge talk on the subject of draws 3 and 4. He seemed to be conceding that the employee milestones had been satisfied SO FAR.
What if they wanted to shed some staff in SA in favour of sales in USA or EU?
OR leave SA completely?
GLTAH

LBT Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Last 1.7¢		Change 0.002(13.3%)		Mkt cap ! $26.61M

Open	High	Low	Value	Volume
1.5¢	1.7¢	1.5¢	$1.454K	94.26K

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No.	Vol.	Price($)
5	954106	1.5¢

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Price($)	Vol.	No.
1.7¢	250000	1

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No.	Vol.	Price($)
5	954106	0.015
5	866499	0.014
5	915385	0.013
4	207916	0.012
4	219409	0.011

Price($)	Vol.	No.
0.017	250000	1
0.018	872657	10
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Ann: Trading Halt, page-43

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