Includes the underwritten amount. But not the underwriters fee. Leaves a balance of maybe $2.4m.
Shortfall shares could be placed with sophisticated investors, likely at a substantial discount. No real assets to sell. Back to the old funding model that puts sustained selling pressure on over a sustained period of time. It was a complicated model, but certainly wasn't in shareholder's interests.
No surprise it took the SP from circa 25c to where it currently sits, who knows where it may end up if they need to take this funding route again. No one likes an I told you so, but I was screaming from the rooftop back then and those that didn't act lost 5 bags for their misplaced loyalty.
Apart from the conjecture regarding the validity of LIT's many claims. This is bad news, clear as day for all to see. There is no uncertainty in those figures. It isn't good, that simple.
- Forums
- ASX - By Stock
- LIT
- Ann: Closure of the Rights Issue
Ann: Closure of the Rights Issue, page-6
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LIT (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.32M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $18.43K | 876.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 1759190 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 902437 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1759190 | 0.021 |
38 | 6049174 | 0.020 |
10 | 789025 | 0.019 |
18 | 2205633 | 0.018 |
5 | 1168826 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 902437 | 7 |
0.023 | 3939545 | 15 |
0.024 | 1473501 | 9 |
0.025 | 965894 | 7 |
0.026 | 284721 | 4 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
Featured News
LIT (ASX) Chart |
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online