Yep....reverse investment - cash for shares. So, they inject minimal initial capital, drip feed the balance over a term BUT they still receive all their shares. For example, today's 3B stated they sold almost 20m shares, yet the 18mth agreement signed in Jan hasn't even turned 1 yr old yet. LIT have received approx only $2m in funds from Lanstead to date. HOWEVER, Lanstead have been able to recoup that from shareholders plus make a nice profit through selling their holdings ! Eg; 20m shares sold at ave 14c = $2.8m. At these figures an $800k approx return on their money OR 40% for less than the year. Not bad...and that's how they make their money. Very similar to a Bergen out of the US.
Again shareholders blindsided.
Great News, page-67
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