Member Info for jonyjackles

LiteBulb debt financing to fund growth 26 July 2012 | 09:59am StockMarketWire.com - LiteBulb Group has secured £750,000 in financing to further the company's growth. The financing will be used to fund a number of significant anticipated orders. In line with its corporate strategy, Litebulb Group is expanding its product ranges, customer base and international scope, and the company expects its historic strong growth to continue in 2012-13. The funding has been received from Andrew Black, co-founder of Betfair Group, who has to date built a 6.9% stake in LiteBulb. £450,000 of the funding is in the form of a two-year secured convertible loan, carrying a coupon of 5% and a conversion price of 0.6p. The remaining £300,000 is in the form of a secured two-year term loan with a 7% coupon. At 9:59am: (LON:LBB) share price was +0.01p at 0.43p Story provided by StockMarketWire.com

http://www.stockmarketwire.com/article/4415487/LiteBulb-debt-financing-to-fund-growth.html

.90/1p, what makes you say that? the RNS clearly states the company agrees there is no value in the shares???

thanks, was looking for some sort of direction, read a lot of boards daily but rarely post due to lack of knowledge, you are a respected poster on here, so shall take your advise, any tips?? i'm having a bad bad bad stretch lately... any hints would be appreciated, thanks

might take another chance at this is when the spread comes back to its senses, already lost 760 on this!!!!!!

of a rebounce?

that was my sell, sold just in time me thinks! although for a bad price and at a loss :(

is out and it's not pretty!

this should bounce imo, seems like someone is taking the p*ss again, no way it's going to finish below 17!