I hold grave concerns that the Coronavirus pandemic and potential collapse of global financial markets leading to likely world recession will have a severe impact on the ability of LIT to raise capital in the near future.
This will be on the forefront of shareholders minds and i would appreciate any input you guys have regarding the issue.
Why would prople buy now with a likely CR in the near term (IMO and based on historic spend and cash reserves) when they could wait and see if the company can even secure financing before dipping a toe in? The global conditions appear to be worsening rather than improving.
Seems like very high risk, even for a speccy.
LIT Price at posting:
4.0¢ Sentiment: Sell Disclosure: Not Held
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