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clock Created with Sketch. 21/03/19
11:33
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Originally posted by Dollar@nearly51:
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It’s not about the economics of issuing additional new B options it is more a case of confirming the Company is not sitting as comfortably with the pending results as they have projected to the market. Trying to salvage some positive sentiment amongst existing shareholders as in effect negated any positive sentiment towards the business overall. IMO we will see the heads and B’s fall. In addition to this they have damaged their relationship with the Soph’s who participated in the last CR by creating a downward spiral in the heads and B’s which will make it harder to offload into the current market. Where does this leave us? The Soph’s will sell below the CR price? They will possibly sell the B’s attached to the CR well below the current market value prior to the new options hitting the market? Management have failed to deliver any satisfactory capital raising in the eyes of the shareholders and Scott throws around options like a kid in a candy shop. How difficult if the necessity arises in the future will it be to raise further capital and on what terms would they be screwed down to.
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Originally posted by Dollar@nearly51:
↑
It’s not about the economics of issuing additional new B options it is more a case of confirming the Company is not sitting as comfortably with the pending results as they have projected to the market. Trying to salvage some positive sentiment amongst existing shareholders as in effect negated any positive sentiment towards the business overall. IMO we will see the heads and B’s fall. In addition to this they have damaged their relationship with the Soph’s who participated in the last CR by creating a downward spiral in the heads and B’s which will make it harder to offload into the current market. Where does this leave us? The Soph’s will sell below the CR price? They will possibly sell the B’s attached to the CR well below the current market value prior to the new options hitting the market? Management have failed to deliver any satisfactory capital raising in the eyes of the shareholders and Scott throws around options like a kid in a candy shop. How difficult if the necessity arises in the future will it be to raise further capital and on what terms would they be screwed down to.
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I think if you look at the last 4 or 5 CR's they have been done in desperation with absolutely no respect to LTH at all. But SB is still pulling 7 odd grand every week!
