It also said that funding was for R&D purposes/expenditure.
So now you just admitted it's just going to be used if the LOI falls through so LPD has funding to get them through for another 9 months after April 2020.
So if the LOI isn't signed by December 2020 LPD would have burned through that $7.5 million in funding, where the shares are held as collateral, & another CR will happen.
Remember you're burning through $2.5 million a quarter or more.
It also said that funding was for R&D purposes/expenditure. So...
Add LPD (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.606K | 569.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 180 | 206882564 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 122521290 | 56 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |