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0.2¢ linius technologies limited

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varky

70 Posts.

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10/08/20

14:29

Post #: 46427096
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Originally posted by Eloi75: ↑

I posted this on the other thread but think its appropriate for this one as well.

I just read the 4c announcement again and realised they basically stated they will be doing a capital raise this QTR. They have enough funds to middle of october so they will need to do a capital raise soon. This explains the price rise on no news. Pumping it up for a capital raise. My guess it will be at aroound 1.5c raise.

2. Has the entity taken any steps, or does it propose to take any steps, to raise further
cash to fund its operations and, if so, what are those steps and how likely does it
believe that they will be successful?
Yes,
- Subject to shareholder approval of director contributions at the EGM on 6th August
2020, the company expects to receive an additional $250,000 in cash.
-The Company is considering financing options available to it including the issue of
additional securities to current and new investors.

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I took it as a default statement in view of their precarious cash balance, nothing definitive. Time will tell. Good day today!

LNU Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.2¢		Change -0.001(25.0%)		Mkt cap ! $8.32M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$5.25K	2.666M

Buyers (Bids)

No.	Vol.	Price($)
50	113757696	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	7711198	7

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No.	Vol.	Price($)
50	113757696	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	7711198	7
0.003	110646052	26
0.004	30856022	11
0.005	33522681	11
0.006	14076423	4

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