LKO 0.00% $1.00 lakes blue energy nl

why traders sold, page-2

  1. 37,336 Posts.
    lightbulb Created with Sketch. 252
    but they are only entitled to 1 new shares for every 4 shares held...unless they are planning to buy alot more and lower price?

    I have 470,000 shares @ 1.5c, if i still hold this, then i will only receive 117500 new shares if i accept? if so, then it will only be $1175 ? if this is true then no point me buying in and just keep it at 1.5c and wait for it to rise back up slowly until good news come out.
 
watchlist Created with Sketch. Add LKO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.