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.
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Mkt cap ! $24.85M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.0¢ | $2.75K | 132.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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49 | 7415134 | 2.0¢ |
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Price($) | Vol. | No. |
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2.1¢ | 564552 | 3 |
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49 | 7415134 | 0.020 |
14 | 1962845 | 0.019 |
22 | 2578687 | 0.018 |
7 | 390405 | 0.017 |
7 | 2097548 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 564552 | 3 |
0.022 | 767666 | 3 |
0.023 | 1511934 | 7 |
0.024 | 978120 | 4 |
0.025 | 949821 | 8 |
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