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bucktoothhobo

100 Posts.

34

05/01/24

11:23

Post #: 71739423
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Originally posted by skinsy11: ↑

It seems that any company where its financial status gets to this stage, any buyer considering outlaying say $400,000 would be having to justify to their management and board how the product is going to be supported and maintained by LBT. It seems that the technology might be good or even ground breaking, but without the credibility and capacity to support and maintain into the future, the technology ownership needs to move to a financially viable and stable medical technology company.
The only hope of salvation is if somehow the Astra Zencia team is able to get a medtech business to buy out / takeover the technology and development team as a new credible owner.
I suspect that management and the board were so focussed on developing the technology, they lost sight of the financial and business stability requirements of any purchaser of the technology.
I think a major cornerstone medtech buyer would wait until the very last moment or even to the point of seeing LBT go into administration. Then would swoop with a low ball offer.
I know this should very negative. But, having worked in corporate roles and seen the processes that the technology buyers within the organisation have to go through to get an approval.
Maybe the current Board with support of Astra and a major shareholder can 'pull a rabbit out of the hat'.
I await developments. I am not holding my breath.

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i said it a long time ago

thermo dont want to sell it
they want lbt money to run out and buy it cheap

why pay 40 cents when you can pay 4

LBT Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $27.98M

Open	High	Low	Value	Volume
1.6¢	1.6¢	1.6¢	$1.641K	102.5K

Buyers (Bids)

No.	Vol.	Price($)
5	911167	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	485000	2

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No.	Vol.	Price($)
5	911167	0.015
3	1047075	0.014
4	3545520	0.013
1	6666666	0.012
3	168500	0.011

Price($)	Vol.	No.
0.017	485000	2
0.018	655659	4
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