There is a lot going on regarding issue of shares. You have this...

  1. sqe
    6,939 Posts.
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    There is a lot going on regarding issue of shares. You have this announcement of 7.9M shares issued at 5.3c, You have the recent allocation of 75M @ 5.3c to sophs, you have the current CR of 30M+ potential new shares.

    You also have LIND still having $2.3M they can convert to shares at a 9% discount to the VWAP.

    So yeah, lots going on. Its a reasonably significant dilution in a short period of time.

    IMO, the LIND parcel presents a greater risk given the relative size and discount to market
    Last edited by sqe: 04/09/20
 
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