Re: newsSurely this shows LFD in a postive light? Positive in the sense it got funding but very dilutive for shareholders who bought at premium prices .
These people do alot of DD before dumping so much cash into a venture - The investors have got in a cheaply as possible 25c for 60,000,000 or 15 million ...but I don't know why they didn't approach Soros first ? He has already paid 30 cents for his so will not be happy.
What does this mean for the SP ? Comments? Sp will not move for at least a month , 60 million shares will go into the mix shortly and will take an age to wash through so probably june or july before it moves north when drilling starts.
Eveyone knew it was coming and as predicted by many 25cents was the price & another excuse for Forbes to get rich while others get poor.