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Is Additional Cap Raising for US Exchange?, page-2

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ryan1986

2,167 Posts.

22/10/15

11:28

Post #: 16228553
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Originally posted by NewToItAll ↑

Just a quick question regarding the Resolution for additional Cap Raising to total 25%

Previously it was mentioned that one of the reasons BOD chose LWP was because it was also available on the US Stock Exchange.
Would it be that they would want a nice chunk raised to US Investors, to basically populate that exchange?

Additionally I recently read that you need to have a minimum MCap of like $200m to be able to list there... so if we diluted an additional 25%, and got to a price of 4c... that would just about do it wouldn't it?

Yeah I understand what everyone is saying about what the money will be used for etc... But I was just wondering if there was also another reason for it.

Everyone's thoughts (good or bad) would be appreciated.

Expand

Was thinking along a similar line too but didn't want to speculate too far in advance.

But yeah I agree with where you're heading...considering one of Eddie's targets happens to be 4.25c

LWP Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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Is Additional Cap Raising for US Exchange?, page-2

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