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14.3% 0.6¢ algorae pharmaceuticals limited

Ann: Proposed issue of securities - LCT, page-2

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  1. sharebroker1
    11,560 Posts.
    lightbulb Created with Sketch. 693
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    29/11/21
    17:13
    Post #: 57940708
    wow, more shares to be issued now ?
    2 weeks ago they issued 475,900,817.
    Today a further 269,354,460
    GRAND TOTAL in 2 weeks - 745,255,277 shares to be issued ????

    No wonder there are huge amounts trying to exit at 0.008 and the rights are trading at 0.001 seller !
    The rights options have an exercise price of 1.5 cents !
    How low can the shares go here ?
    All in all not good !

    Last edited by sharebroker1: 29/11/21
    LCT Price at posting: 0.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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