Nope, at current price they almost doubled their money.
Take today's conversion for example, they converted US$10M into 133M shares so they received them for US$0.075 or about A$0.1 , disregarding holding period they need to sell them for 10c to break even.
The good news if you can call it that is that they did this before the consolidation and have waited for buyers side to build up following the last conversion.
The not so good news is that there are billions more to be converted and some of them at only 5c
DYOR and GLTAH
Dark Pool at 0.187, page-27
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Last
$6.05 |
Change
0.000(0.00%) |
Mkt cap ! $5.655B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | $6.10 | $5.97 | $303.0K | 45.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6509 | $6.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.75 | 1193 | 2 |
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| Last trade - 09.47am 26/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |
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