They are not allowed to issue shares to cover a significant raise of say $2m as has been mentioned in here. Hence suspect if it is a large raise then It will be via a debt instrument.
Management can't risk doing this on terms similar to "Bergen".... which effectively allowed him to short the stock and drive the price down.
I say that, I would hope management has learnt.
- Forums
- ASX - By Stock
- Ann: Request for Extension of Voluntary Suspension
They are not allowed to issue shares to cover a significant...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
Add LNU (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.09M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LNU (ASX) Chart |
Day chart unavailable