what a sorry state of affairs this half yearly portrays, a $10mil. loss increasing accumulated losses to $54mil.
Giving total equity of $25mil. Made up of Cash$9mil Intangible $15.5mil.
When you think of intangibles , they are just that. In LIT 's case you would say its a value of intellectual
property that AG is still trying sell. IMO due to many reasons already discussed they are worthless.
So with only $9 to 10mil of shareholders funds whats the future for LIT.
Envirostream is the only hope to maintain LIT 'management lifestyle' but in the medium term
Enviro. would be struggling to pay its own overhead costs .
Looks like ' belt tightening ' a change of business plan and another visit to the ASX Casino.
The ASX casino where LIT treads the boards with a market capitalisation of $107 mil, perhaps
this has been AG's business plan all along, all the other endeavours........... just aSmokescreen
allIMO
LIT Price at posting:
12.3¢ Sentiment: Sell Disclosure: Not Held
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