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I would double that Benny

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Bonneylad

430 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 1.6¢		Change 0.000(0.00%)		Mkt cap ! $27.98M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
4	711167	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	1083352	2

View Market Depth

No.	Vol.	Price($)
4	711167	0.015
3	1047075	0.014
4	3545520	0.013
1	6666666	0.012
3	168500	0.011

Price($)	Vol.	No.
0.017	1083352	2
0.018	1047659	6
0.019	1374000	8
0.020	725548	4
0.021	763996	2

Last trade - 10.04am 07/10/2024 (20 minute delay)

LBT (ASX) Chart

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