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I dont understand why they would need this now when they still...

  1. Indytrader1988
    5,984 Posts.
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    27/09/21
    10:01
    Post #: 56366791
    I dont understand why they would need this now when they still have 10m in funds and should have around 60m in cash receipts this year which puts them at CF+.

    My only guess is they are looking to expand rapidly and invest heavily in R&D. The timing of this announcement 2 days before their worldwide presentation seems to indicate this.

    The positive of this is that strike price of $0.20c is about %50 higher to current price.
    Last edited by Indytrader1988: 27/09/21
    LVT Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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