LKE 1.52% 6.7¢ lake resources n.l.

Dugsab. You're not alone. BIG question mark. And, this is what I...

  1. 20,996 Posts.
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    Dugsab. You're not alone. BIG question mark. And, this is what I really don't like about VWAP based loans and in particular that AMVEST one..

    4.9.2019
    (a) Funds will also be used towards closing the remaining convertible Notes with a temporary halt on conversions while being
    negotiated.
    $305,000 still remains after this $100,000 conversion.

    2.10.2019 (re 30.6.2019)
    Annual Rep
    ort.
    The Board has resolved to accept the Second Investment Amount of a funding facility available to the consolidated
    entity under the terms of the Convertible Securities Agreement with Amvest Capital Inc / SBI Investments (PR) LLC which
    was announced on 28 February 2019. Under the terms of the unsecured facility, the consolidated entity will have access to
    funding of up to $3,345,000


    (b) 90% of three VWAP’s of the Shares selected by the Investor for the 20 Trading Days ending on the date of the Conversion Notice.

    In the 20 trading days prior to the conversion (this VWAP period) the SP fluctuated between .045 and .039.

    In the 10 trading days prior to that 20 days, the SP dropped from .064 to .045 !!!!.

 
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Last
6.7¢
Change
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Mkt cap ! $111.1M
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6.7¢ 6.8¢ 6.6¢ $153.8K 2.305M

Buyers (Bids)

No. Vol. Price($)
22 879259 6.6¢
 

Sellers (Offers)

Price($) Vol. No.
6.7¢ 159696 7
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Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
6.7¢
  Change
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6.8¢ 6.8¢ 6.6¢ 357448
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