"Shareholders in Compass Resources know that feeling. One day they owned a billion-dollar enterprise touting the fourth-largest lead project in the world. The next, they found themselves diluted to 5 per cent of the stock. "
If instead by: Shareholders in Lynas know that feeling. One day they owned a billion-dollar LAMP touting the largest lead RE project out of China in the world . The next, they found themselves diluted 30 per cent of the stock.
Others of interested:
"Yorkville is also financier to the likes of... Lynas..."
"YA practices a pernicious form of lending called'' death spiral financing'', Where it is issued with shares in the company with which it has struck its funding deal - usually a company desperate for cash.
YA can therefore'' short'' the stock in the knowledge that it won't have to buy back the shares on-market to cover its position. "
"YA cleaned up by shorting shares in their company before it became a secured creditor and emerged from administration with the bulk of the stock. "
"Now, Yorkville and its founder, Mark Angelo, have been charged with fraud by the US Securities and Exchanges Commission. "
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NC seems to play the game with the devil? or belong to the same?
LYC Price at posting:
60.5¢ Sentiment: LT Buy Disclosure: Held
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