Wow. After the Lind saga before, and Management getting out of it - after what I thought was them realising their mistake (they didn't draw down on it even though the had the opportunity to) they go back to the death spiral. They must be truly desperate. The worse part of this announcement hasn't been mentioned yet, so I thought i'd put it here:
Lind is entitled to require a share consolidation once the Lock-Up Period has expired.
This is truly scary. One of the reasons why the Lind death spiral slowed down was because after the massive drop, any other price drop was greater then their discount of around 12.5%, so they had a hard time dumping their shares on the market. What is left of the market cap will be halved at least by the time Feb rolls around. The Hangman noose is tightening, and I can see no way out. The only glimmer of hope is positive results from BURU, but even that is clutching at straws.
If it gets back to 0.8c, i'm out like a bat out of hell.
I need a drink, what a day.
OBL Price at posting:
0.3¢ Sentiment: Sell Disclosure: Held
