A good artcle in this weekends Australian. I am sure our directors have done the right thing by exiting this agreement.
Lind has a chequered history including Metal Storm and Range Resources. Range had a similar funding arrangement to ours, having drawn down 5.5 million of a 15 million facility. The share price collapsed through Lind selling stock it was issued as repayment for the loan. Lind swiftly lodged a statutory demand for 7.2 million despite Range's offer to buy back Linds convertible security through a new 60 million funding package.
As an aside, I had a chuckle at W27's recent post when he said ' At the time Garner sold I suggested he was selling to take up his entitlement in the rights issue' when in fact at the time March 26 W27 posted ' he was selling because he is short of money and has no income.' Maybe is getting confused with my alter ego, because on March 27 I posted my reply which was 'My guess is he will use the proceeds of the recent sale to buy back through thr rights offer at 2.5 cents'
- Forums
- ASX - By Stock
- IVX
- Lind Partners
Lind Partners
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.33M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $6.251K | 2.967M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 43316984 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 4352691 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 43316984 | 0.002 |
26 | 29577144 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 4352691 | 8 |
0.004 | 8453485 | 11 |
0.005 | 8422572 | 26 |
0.006 | 2074992 | 8 |
0.007 | 1562000 | 4 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
Featured News
IVX (ASX) Chart |