And like clockwork our share price drops to the issue price. Tranche 2 - mid June. Good chance our share price is going to hover around these levels until at least then. Wouldn’t it be good to issue shares during a capital raising to investors who actually want to be involved in investing in a company and supporting growth of its share price rather than just participating with the hope of making a couple of pips short term. Like someone mentioned the other week, should have sold and bought back in at the issue price, don’t know why I thought that this time it maybe different! I think the CR was too cheap, considering our share price at the time and considering options were also attached. I guess that’s what happens when a company is running out of cash and are desperate after going to their shareholders with hat in hand and not getting their support.
LU7 Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)