Another .3% that would take them to 30% and an offer would have to be done but it would be taken into account of the SP over the last 12 months so would be a lot higher price to pay for it. They have been given a gift at the price they paid.
At the min the market has been very cruel to investors and many sat with large losses on their PF so investors are very hesitant to sell to chase something else. This has been very over sold on the chart and should close back up.
Only needs a small amount of volume to move this. Upside way out strips the risk. Such a low market cap with very little share allocation. Plus they have fundings security. Many will be watching for update and will miss the opportunity IMO.
When a company goes into suspension the market knows about it and off loads its stock in case it goes tits up, if funding is needed to come back to the market they try to take part. This is not the case here the share allocation has gone to a third party. Good news for LTH’s not so good for the market. Same happened to PLMO market applied for allocation but got told they were getting FH. The day before it was due to get suspended they announce a deal before close the market had already offloaded stock. Little did they know a deal had been struck behind the scenes. Same has happened here. Watch this space.
Haven’t taken part in this fund raising so I would imagine they have been caught short, hence why they will take large amounts from you. This is only going one way.
Happy to take as much stock as you can give them, this is getting primed for a big push back up. MC is only 1mil with only 34,443 mil shares available.
There has been a hell of a volume over the last couple of weeks those sells from Burgen have long been snapped up. if news drops and the mm’s forward sell they will be hoping the warrants will bail them out.