I mentioned predatory lenders generally, PRR was convertible note example - cherry picking codes as examples of their positive influence on stocks whilst ignoring the general negative trend.
The difference between this deal and a convertible note is that instead of more shares issued with a falling share price as is usually the case with Lanstead, less cash is handed over. At 15.5c vwap what would Lanstead have to pay? A 7c discount? A 26% discount? Who knows. Do they get all their shares up front whilst handing over just $900k?
Maybe shibumi should do some more research on Lanstead's track record.
WMN Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held