Australia's largest stock trading and investment forum Australia's #1 stock forum

LNU

Click for more information

0.00%

0.2¢ linius technologies limited

Ann: Trading Halt, page-8

First 8 Last

Share
Profile

Follow
Indytrader1988

6,021 Posts.

894

27/07/22

10:49

Post #: 62749291
Share

Originally posted by ddzx: ↑

folks don't seem to know what is probably going on here

the 28/1/22 announcement said:

NTCG has already paid $2 million, for which $1.72 million in unallocated shares is still outstanding

LNU have the right, if the VWAP falls below 1.1 cent, to not place the shares to NTCG and to refund the money back to NTCG

my rough calculations show the 20-day VWAP to 11/7/22 was around 0.5154 cents

with the 5% discount, round down to the nearest fraction, it seems NTCG could have called for their remaining $1.72 million to be placed at 0.4 cents, which would amount to 430 million new shares, diluting the share capital of LNU by an addition 22%

but the above did not occur

my guess is LNU has refused to place the shares and is refunding $1.72M back to NTCG

Expand

No mate it's just another capital raise since LNU have no funds to keep going. In another 3 months there will be another Capital raise again..

LNU Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Bitcoin investors need to know the risks

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

ASX hits all time high out the gate on Friday trades following bullish US inflation data

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

There are more pages in this discussion • 15 more messages in this thread...

First 8 Last

Add LNU (ASX) to my watchlist