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.
I would liquidate. Management in LBT are clueless. - Firstly,...
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Last
1.6¢ |
Change
0.002(14.3%) |
Mkt cap ! $25.04M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $2.946K | 185.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 716666 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 4125552 | 4 |
View Market Depth
| Last trade - 14.20pm 19/07/2024 (20 minute delay) ? |
| LBT (ASX) Chart |