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LRS chart, page-1345

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stonkstrader

220 Posts.

36

02/12/20

15:54

Post #: 49300774
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Originally posted by XXIIX: ↑

Hi stonkstrader,

short version is, LIND is a broker that gives a loan amount in exchange for shares.

Brokers like LIND dont have any interests in the long game and often sell the shares as soon as the price starts moving. fo anythi g as low as a 10% shift.

LIND had 350m + shares at their peak which as you can imagine every time we moved they sold down into, which ultimately keeps the price down. Their strategy is to make a quick buck and not be left holding a penny stock for too long. They have no interest in seeing LRS achieve their goals or reach 10c +, they will be well and truly out by then and onto the next company.

Might seem a stupid strategy as we know they could make a lot more if they let the sp run, but they do this to 100's of companies around the world each year, you can see how this is actually a fantaic money maker.

I see them like a loan shark. The other broker I hate seeing as a major shareholder is Pattersons, which use the exact same strategy.

So it will be a positive to see them off the books in my opinion.

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Thanks, appreciate the reply. Thought that's all it was but there seemed to be a decent amount of anger (for lack of a better word) about them that I wondered if there was more to it.

LRS Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 23.8¢		Change -0.013(5.00%)		Mkt cap ! $657.8M

Open	High	Low	Value	Volume
25.0¢	25.0¢	23.5¢	$818.2K	3.370M

Buyers (Bids)

No.	Vol.	Price($)
32	416099	23.5¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	421652	21

View Market Depth

No.	Vol.	Price($)
30	409660	0.235
39	729363	0.230
20	575917	0.225
20	798019	0.220
9	690228	0.215

Price($)	Vol.	No.
0.240	446363	22
0.245	325286	14
0.250	419742	17
0.255	360762	18
0.260	409623	13

Last trade - 13.59pm 05/06/2024 (20 minute delay)


Last 23.5¢			Change -0.013 ( 7.59 %)
Open	High		Low	Volume
25.0¢	25.0¢		23.5¢	1049520
Last updated 14.14pm 05/06/2024 ?

LRS (ASX) Chart

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