LCG
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0.00% 6.0¢ living cities development group limited

PhillIIW! Read the terms carefully."$0.125 per share (Company...

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  1. micky78
    2,689 Posts.
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    26/07/11
    19:28
    Post #: 8729943
    PhillIIW! Read the terms carefully.

    "$0.125 per share (Company floor price)"
    "The company may refuse to issue shares if the share issue price is below the Company Floor Price"

    Why would SpringTree (not Springfield) subscribe shares at $0.125 (floor price) & sell at $0.105 making a loss?

    90% or 130%... etc is not getting 130% discount. Read the terms carefully.

    I now returned back buying some shares recently.
    LCG Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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