LU7 4.76% 1.0¢ lithium universe limited

Ann: Mogul Raises $8m in Significantly Oversubscribed Placement, page-16

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  1. 2,506 Posts.
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    When you consider dilution and discount, you've pretty much lost half your investment here...

    Whether you have high hopes for the future or not, you should be able to critically look at this and realise that current holders were severely let down by management, for the sake of new temporary money for cash.

    I hope the previous ramp crew here weren't privy to the knowledge/ complicit to the positivity pump that kept share price churning 1.3-1.6 for the conveniently timed "raise that was never gonna happen."

    Management have some questions to answer on this one, and previous holders have been trampled on


 
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