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1.5¢ lbt innovations limited

I would double that Benny

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Bonneylad

428 Posts.

380

28/02/23

10:58

Post #: 66506543
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Originally posted by BennyTheBall: ↑

Disheartening no doubt, however we have seen this type of exit before. This has the hallmarks of an Insto sticking with a strict policy of keep or dump within the period following a Capital Raising. An apparent lack of Market support, Directors not buying or a tight cash position could be the trigger to sell. It's a black & white decision. No emotion involved.
The selling in the past few days could be related to the statement in the Quarterly on January 23rd around the Entitlement Offer shortfall of $3.0m ".....funding options including working with PAC Partners ….".
Pretty sure PAC didn't get any work this time.

Seems to me if all we need to break-even in CY23 is ~15-20 sales, there isn't a lot to be worried about.

GLTAH

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I would double that Benny

LBT Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.5¢		Change 0.001(7.14%)		Mkt cap ! $24.48M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$3K	200K

Buyers (Bids)

No.	Vol.	Price($)
5	652280	1.4¢

Sellers (Offers)

Price($)	Vol.	No.
1.5¢	1257523	6

View Market Depth

No.	Vol.	Price($)
5	652280	0.014
7	4818596	0.013
2	6833332	0.012
4	668500	0.011
5	1089004	0.010

Price($)	Vol.	No.
0.015	1257523	6
0.016	1231587	9
0.017	1099999	7
0.018	457000	3
0.019	58882	1

Last trade - 10.04am 30/09/2024 (20 minute delay)

LBT (ASX) Chart