4,210,336 LITCF options were converted to LIT shares at 4.99c. That works out to be $210, 096. Guess what, the company just announced raising that figure.
So people just converted options to shares for 4.99c, and the company made money on that transaction.
Essentially, diluting the company at 5c (4.99c)
Constant stream of dilution. Only 114M to go.
Did you see the annual report from 2019? There were only 520M shares. Now over 900M. That is whopping dilution in a short period of time, and most of that dilution happened at the bottom of the cycle. Guess what, if the company wasn't so wasteful with cash, they wouldn't have had to dilute so heavily AT THE BOTTOM OF THE CYCLE
Don't be calling me a liar
LIT Price at posting:
11.0¢ Sentiment: Sell Disclosure: Not Held
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