The other point that’s possibly worth mentioning is the timing of the cap raise.
why raise at .003 when you could wait for the whale and possibly get.005.
I guess the difference is that if you are a company with a ‘less than glorious’ track record of looking after your shareholders… a sure sell with a guaranteed return of at least 30% albeit for a bit less money has got to be better than a possibly unsuccessful hard sell at a higher amount.
if that is the case then we should expect further good news imminently .
GLAH
The other point that’s possibly worth mentioning is the timing...
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Last
0.2¢ |
Change
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Mkt cap ! $11.09M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $2.14K | 1.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 108845196 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 22376 | 1 |
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| Last trade - 10.09am 03/05/2024 (20 minute delay) ? |
| LNU (ASX) Chart |