First let all the holders, just having acquired these newly issued shares sell their new holdings in this constantly diluted LIT equities pool, likely driving the share price back to single cent levels. I assume that preparations for the next capital raising are already in place. And to demonstrate how much the total share pool has been diluted over time:
FY2012: 46 Million LIT shares on issue
FY2021: 811 Million LITshares on issue
First let all the holders, just having acquired these newly...
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $26.04M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $18.76K | 906.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 6261052 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 750774 | 6 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| LIT (ASX) Chart |