Being suspended means they can't pump the sp to minimise...

  1. 151 Posts.
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    Being suspended means they can't pump the sp to minimise dilution on acquisition. They also only have about $1.5m in cash (minus their ~$400k investment in LRM) to bargain with.

    So their investment in LRM, imo, is part of a plan to relist, or a plan to make cash, or both. Surely they are trying to rush a relist by 31 dec to get their options over the line. The board's 51m options alone can realise $2.5m, and in total the options can raise more than $5m. Potentially, they can have attain a cash balance of $6.5m or more if they pull it off.

    Anyway, looks like they have struggled to pull off any magic for this long so i wouldn't get my hopes up either lol.
 
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