The capital shortage is becoming a serious problem. I have no doubt they are already working on a capital raise, no matter how they do it shareholders will take a further beating.
Financials show just how poorly the company is doing. Revenue decline is absolutely massive, spending more than ever and earning less each year.
FY 2024 will be the last year LVT can trade legally without being insolvent. Will be interesting to see how long they draw it out before the VA announcement comes along.
LVT Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
