Anyone who has held LNU for longer than a month in almost any time period the past 2 years is now underwater due to dilution.
As I have said before, even if they magically picked up a client tomorrow that was going to pay them $1mill a month, they would still be cash negative and would need to cap raise.
Even if they picked up that one magic dream client, the investor grade market would be saying - awesome but we need a second one just to survive, a third one to grow, and a fourth one to look at divvies down the road.
That's a big ask, it's so much easier for them to just stop wasting money.
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $8.797M |
Open | High | Low | Value | Volume |
0.1¢ | 0.2¢ | 0.1¢ | $752 | 751.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 250717226 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 33512099 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 250717226 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 33512099 | 9 |
0.003 | 44161760 | 12 |
0.004 | 51440500 | 5 |
0.005 | 11250000 | 3 |
0.006 | 27038138 | 3 |
Last trade - 10.46am 30/09/2024 (20 minute delay) ? |
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