LAF is certainly in a tough position right now but converting debt to equity makes sense. Remember this is a producing company with substantial polymetallic reserves and ongoing exploration success. As a person with a background in geology I find LAF's ground very attractive. To my mind, the current proposal should sort out the financial mess and give the company a high probability for profitability.
For a company supposedly in such dire straits, over $2M changed hands today. My expectation is that high trading volumes will continue for some time yet.
I'm pleased to be back in this one.
LAF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held