No chance, Lanstead are simply churners not long term holders. It's a very good business model for them as they actually just churned a few hundred thousand at a time for a massive discount. I did some rough numbers a couple of weeks ago and concluded that when the market was 2-3 and l1 were getting their stock at 2 then they were making about 40% on the outlay/churn. on the latest placement at .001, they would have made 140%. So the headline is "We raised $2.5m for KBL" but the fine print is "we only ever parted with 2-400k at a time and we smashed the company share price making a killing along the way!"
The advertising should be "desperate? don't worry, debt ridden? it's ok, shareholders asking too many questions? we have a solution...come see us and we will annihilate your market value with a smile and afterwards we will proudly display a plaque to convince others to play with us"
Shows how desperate the management are...what a schemozzle...
Gents (and ladies), depending on how many you have, IMO this is either a sell at .001 or forget for a very long time. This stock has all but drowned....consolidation and new cap raising coming soon.
If the management had any respect for the shareholders, they will NOT vary the terms of the options post any consolidation
No chance, Lanstead are simply churners not long term holders....
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)