No position, but I know about them. Lind (formerly Springtree) are essentially a corporate loan shark, which lends to companies who cannot obtain funding from any other source. Usually they convert the shares they get by sending the SP into a death spiral. In this case, there's a conversion clause, so they'll need to get their money back some other way. As LRS have no money with which to pay, the only way I can see it to force a bankruptcy.
No position, but I know about them. Lind (formerly Springtree)...
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Last
17.5¢ |
Change
-0.010(5.41%) |
Mkt cap ! $560.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 17.5¢ | $1.853M | 10.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 544455 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 216977 | 6 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |
