Hoping you are right.
Problem is after doing some research on other companies
that entered funding arrangements with Lind (or previously
SpringTree which the head of Lind was involved with prior), difficult to see many companies with comparative funding arrangements that survived as a result. There are other threads for other companies where in one this was called 'the Lind death spiral'.
Based on the outcomes of arrangements and constant dilution that resulted (plus the effect of the 91% of VWAP on getting the prices down), difficult to see the worth in Linds mission statements/philosophy of operation. If anything the only way they made money was the result of depressing prices.
The last tranche if they sold out would almost wipe out the buy side, and there hasn't been a lot of buying recently.
All the talk of the future, and assuming so I would expect some more buying to match the posts I have read. But haven't seen such.
Will hang around for a couple more months to see how things pan out, since if no announcements of substance indicating a farmin or some serious development, then the price is likely to be trashed imo.
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Last
2.5¢ |
Change
0.004(19.1%) |
Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.4¢ | $62.54K | 2.524M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 116309 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 67452 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 683870 | 0.003 |
19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
Last trade - 14.18pm 08/11/2024 (20 minute delay) ? |
EMP (ASX) Chart |