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91.0¢ litigation capital management limited

Ann: Company Update and Capital Raising, page-8

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thebigbadbear

1,245 Posts.

167

29/10/18

12:40

Post #: 36297101
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Originally posted by Jimmy_C: ↑

I'd expect the ASX delisting & transfer to UK to be approved, for the simple reason that LCA management wouldn't bother proposing it unless they'd already canvassed major shareholders and received support for the move. The $8m institutional placement will be used to place more shares in the hands of institutions that support the move to UK listing - it's a cynical but legitimate exercise.

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exactly what would have happened, they raise to funds that will support the move and directors also taking almost 10% of the raise means they keep their voting power as well

Last edited by thebigbadbear: 29/10/18

LCA Price at posting: 97.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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