LBT 10.0% 1.8¢ lbt innovations limited

Ann: $5M Oversubscribed Private Placement, page-25

  1. 376 Posts.
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    Well, even it falls, I think it will stay above .10C because with recent CR, total shares will be 235.4 mills and with .10C SP will make 23.5 mill MC, which is very low after getting access to US market, now they have no choice but to sell, I don’t think they have sale news in their pocket rite now, Tuesday news will be add of 35 mill new shares to the register, then 2 weeks after Conference attend, then possible news of few US sites chosen for device evaluation for 4-6 weeks, which takes us to August, which is 3rd Quarter May be get CE mark by Sept/ Oct with MRSA in EU, in the mean time there may be few sale news in US but may nothing in AU, that takes us to NOV.AGM , AGM will have provision of another CR if needed. Lots of loose holders, weak pro Brokers, low participation of bigger institutions in trading makes price fall below but good for new buyers, who bought on .07C still making 100% profit, if it hangs between .10 to .15 C until sale starts, it will jump to .20 to .29 C, just my Guess, if they have lined up with surprise sale news then it won’t be in teens, minimum MC of 75 mill just above .30C, but anything can happen in LBT camp, it’s unpredictable, If anyone with large holding less than 1 year is not worth to sell because you won’t get discount capital gain tax, so why pay more tax unless massive gain.. let’s see what they do...
    Last edited by Fastrunner: 08/06/19
 
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