I can't help remembering that the presentations prior to the FDA ann all indicated a LOI in 2016 , no change to that until they had sold their shares , then they released a presentation that pulled LOI out of the timeline . Naturally shareprice collapsed with that little trick , allowing them to set up cheap CR with free options . Really , seems pretty transparent to me . The so called SIs will obviously dump shares , they always do...and the idea that somehow they will support the business more than retail sh is completely contrary to reality. Funny thing is Ive seen a very similar situation with ...BLT , just after the big spike a couple of years ago , eventually there everyone got shafted , including SIs[brokers of course would have filled their pockets] . The whole thing's[ie brokers, CRs directors fees and free options]a gigantic on going fraud . Glad I at least sold half on the spike , but was stupid not to have dumped them all . Australian listed company capital management really is a cesspit , mostly I invest in US now .
LBT Price at posting:
32.0¢ Sentiment: None Disclosure: Held
