LDX lumos diagnostics holdings limited
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Ann: Lumos completes $4.75m Placement and launches SPP, page-26

  1. LongTony
    2,941 Posts.
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    10/07/23
    13:22
    Post #: 68707543
    The market cap on listing was over $150M AUD. Let's say 500M shares to be on issue - I need to have a careful read and find out - did anyone see Doug talk?

    This capital raise is at ~6.5x what this share was 10 days ago, and they're going to buy out the convertible notes. This is a huge reduction in the dilution that we were facing. From con notes that were going to be converting at 1 cent in the absence of having cash available. Great outcome, LongTony from Sunday 2nd of July is very happy with where we find ourselves today!
    LDX Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 14  Upvote
    lightbulb Created with Sketch.  Great analysis
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