nobody in their right mind would take up the rights at 6.5 cents when the share price is 6.
it is not unusual for a company to sprout good news while a cap raise is open. the problem for lbt is everyone has learnt that lbt only goes up on announcements and then comes back down.
a distributor announcement for EU will have no impact. everyone knows the sales cycle takes 12 months. that is why the prospectus says no EU says until 2024.
the options present no value to people. lbt has a long way to go before the share price is 13 cents again. in real terms the share price will need to be 20 cents before people convert their options.
ask yourself why directors havent bought any shares.
i really hope lbt succeed but history shows a declining share price, massive dilution and limited sales interest.
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