Today we see the classic shameful example of what dilution and inaction has done to shareholders' investment in Laneway Resources.
The seller of 333 shares, probably the conversion of an original 1 million shares and probably @ at least the minimum parcel of $500 plus brokerage. The proceeds of sale was $66 less brokerage and Commsec charges $29, so, a nett return of $37 from their $529 investment a 98.4% loss!!!
The only "visible" benefit anyone can be receiving at today's SP would be those that convert debt into shares, i.e. .002 gets you 500 shares to the dollar whereas .003 only gets 333, .004 only 250, .005 only 200 and so on. Some people could reasonably deduce from that that there is a benefit in holding the SP down?
See what thoughts, right or wrong, that lack of information breeds?
LNY Price at posting:
0.2¢ Sentiment: None Disclosure: Held
