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5.3¢ european lithium limited

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Bpharma

4,011 Posts.

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01/03/24

10:02

Post #: 72687858
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Originally posted by RMInvest: ↑

”In order to complete the Transaction, the Company has waived the requirement of there being no lessthan US$40 million (before transaction expenses) in Sizzle’s trust account at closing. At closing, thebalance in the Sizzle’s trust account, together with amounts from the PIPE Financing prior to the paymentof transaction expenses, was US$10,895,449.”

$11million in the trust account INCLUDING the PIPE investment? A far cry from the $160M there at the start.

So in other words, in essence, EUR sold 17% of their project for US$11M (which values the project at US$65 million) - then they list on Nasdaq issuing shares to themselves that they now can legally claim are worth AUD$1.3 billion valuation.

Wow..that’s some kind of evil genius. Let’s see how the market buys it.

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EUR Price at posting: 8.6¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $74.10M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.2¢	$25.94K	488.6K

Buyers (Bids)

No.	Vol.	Price($)
5	91238	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.3¢	19769	2

View Market Depth

No.	Vol.	Price($)
5	91238	0.052
1	2500	0.051
8	141095	0.050
3	143652	0.049
2	41689	0.048

Price($)	Vol.	No.
0.053	19769	2
0.055	3149	1
0.056	19367	2
0.057	210133	6
0.058	400000	2

Last trade - 16.10pm 16/07/2024 (20 minute delay)

EUR (ASX) Chart