Many thanks @Welsho54, much appreciated. Amusing..... Which LIT...

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vmp

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30/03/17

20:59

Post #: 23752626
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Originally posted by Welsho54 ↑

Hi VMP, they are kind of like shares on lay-buy, they were issued to holders at a value of $0.0001. When LIT needs cashflow, they'll call in a portion to be paid, maybe $0.10. Over time when LIT holders have been called upon and provided $0.25 worth of funding for each share, they will be issued.

Makes no sense right? Considering the LIT SP is almost half that. The only way it would work is if the LIT SP was well above $0.25. Then you'd receive new shares at a discounted price. Sort of a multilayered option.

This has been mentioned before, LPD holders that sign over to LIT will not have any access to these partly paid shares.

So if they ever got in the money and get called in, former LPD holders would be diluted massively, whereas current LIT holders would receive the benefit.

AG in touch with reality, nah!

Time to take your bat and ball and get on home Adrian, the other kids don't want to play with you anymore! You're a bully.

Standby for round 2 increased offer, not many plays left in the book. Will be getting desperate.

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Many thanks @Welsho54, much appreciated.
Amusing.....
Which LIT holder will give more money to LIT then?
They don't even spell out the veracity of sileach.
LIT is selling a precious gold, problem is, he doesn't allow anyone to bring that gold to a valuer.

Anyone wants to send money to Nigeria?

LPD Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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