A quick eyeball view. QR is the usual deceitful, non-specific stuff that should be banned by the ASX, but, isn't. Talk about continual disclosure to shareholders, garbage. "near completion" "F/Y 2019" "progressing"???? Is that disclosure, the release of information?. Information is any entity or form that provides the answer to a question of some kind or resolves uncertainty.
Looking at the numbers, they raised $860K with that latest placement yet they've only got $172K left in the bank, an increase of $134k from the previous Q. $460K of that placement went to repay debt, of which only $114K went of the loan facility from Bizzell. All of the C Notes issued went to repay loans (to whom?).
How can any shareholder accept that crap???? What do you reckon Dugsab??
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
