LBT 6.67% 1.4¢ lbt innovations limited

I would liquidate. Management in LBT are clueless. - Firstly,...

  1. 9,267 Posts.
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    I would liquidate.
    Management in LBT are clueless.

    - Firstly, you don't announce a CR at 4.5 cents above 7 months lows.
    - Secondly, you market at every opportunity (they missed the Vienna conference)
    - Thirdly, you release regular business updates and show progress (monthly)
    - Fourthly you engage strategic investors to support you when you need cash (not accept a placement at close to 40 cents or 55% below VWAP or ask your peeved register to fork out cash)

    Management still haven't explained the SPP properly and have seen over 20% of the market capitalisation whittle into thin air. I wonder if they had market training at any point as this is similar to Dec16 revisited, except with investors twice as peeved.
 
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