NRZ 0.00% 0.4¢ neurizer ltd

CR or JV or T/O - Imminent?

  1. 2,189 Posts.
    lightbulb Created with Sketch. 342
    My money is on the CR.
    For 2 reasons:
    1. Very low on cash (unless the CBA loan was not repaid)
    2. LCK only have a 3 Month period (from the date of AGM) in which up to 60 Million shares can be issued (Resolution 6 as approved by holders in the 2019 AGM and also flagged by the Board as being required for Working Capital):


    https://hotcopper.com.au/data/attachments/1930/1930354-b445e2a28abf739e5ace009f9e473f26.jpg



    If LCK are struggling to find investors, then I would expect one of the top 2 holders to come to the rescue. Again.
    At what cost to holders this time?

    (and g'day to rocket)




 
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