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1.6¢ lbt innovations limited

The best thing this co. has going for it is that they are in the...

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07/03/18

16:08

Post #: 31595452
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Originally posted by Rat1973 ↑

The way I see things is that management are actually doing a good job on tools in terms of product development and laying a framework / platform (including all associated business development activities) to get a sales pipeline BUT they have done a very poor job at articulating the time frames involved to the market. In fact they are guilty of coming out with time frames that were clearly way too optimistic.

If they had demonstrated to holders what activities are required to get to a position where sales can be achieved, I think a large majority of holders would have had much more patience. As things stand I think everyone can understand the frustration most holders are feeling.

I give management a tick for operational / product development, but a big cross for communciation skills.

As someone said on here this morning, valuing this company at $24.5m (with $x cash at bank) is pretty crazy - market only needs to get some confidence that sales are likely and it will quickly rise.....but it is was it is.

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The best thing this co. has going for it is that they are in the right place and the right time ie: AI. They will have tailwinds behind them which will be to the extent that they will survive management FU's.

LBT Price at posting: 16.5¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $25.04M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.6¢	$21.77K	1.290M

Buyers (Bids)

No.	Vol.	Price($)
3	548481	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	45000	1

View Market Depth

No.	Vol.	Price($)
3	548481	0.016
3	311000	0.015
3	819999	0.014
4	838461	0.013
5	291249	0.012

Price($)	Vol.	No.
0.017	45000	1
0.018	469657	5
0.019	148237	2
0.020	799149	5
0.021	600000	1

Last trade - 15.10pm 25/07/2024 (20 minute delay)

LBT (ASX) Chart