Something going on with Lucern and recent dumping of CXZ...

Something going on with Lucern and recent dumping of CXZ shares.

Check out Pure Profile company, asx, PPL,

Recent news, Aaryn Nania no longer Director of PPL,

PPL have a loan from Lucern of 20Million dollars, but at 20 percent interest, is actually $24 Million. Loan Due in 2021. No covenant on loan.

We hear that Nania is no longer responsible for the Principle master fund, which held the 160million CXZ shares, but that Lucern has some other Management controlling this Fund.

Now Mr Nania is no longer director at Lucern.

Draw your own conclusions, a guess that Lucerne are cash strapped due to this massive loan to Pure Profile, a company with 3mill market cap,, hence their massive sale here to recoup some cash.