IMO this is a terrible deal and I don't see much value for shareholders. First, they have plucked the valuation for Reset out of thin air, just so they can do a capital raise. No revenue, in a very early stage market with a tenuous as best road to profitability. Huge regulatory and other risks.
Secondly, the shares we are given will be unlisted and virtually unsellable for the foreseeable future. A large amount of effort and expense in putting together a prospectus etc for something that really should be ignored and continue as a subsidiary or simply given away and sold. At least a sale would have capital come back to LGP shareholders.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $36.58M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $13.55K | 113.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 331705 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 1301537 | 12 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| LGP (ASX) Chart |