Reggie
I would think those (myself included) that were brave enough to buy at $0.05 would not be selling their shares during this favorable period. Whilst there is always an element of risk, I believe that risk is already factored into the share price. The Lanstead deal is as follows so it still has another 6 months to run.
Equity-swap #1 commencing Jul-2014
Subscription shares: 7,843,137 shares @ $0.1785
Benchmark price: $0.238
Share payment to Lanstead: 392,157
Duration: 18 months, equates to 435,729 shares per month
Equity-swap #2 commencing Nov-2014
Subscription shares: 19,130,455 shares @ $0.115
Benchmark price: $0.153333
Share payment to Lanstead: 956,522
Duration: 18 months, equates to 1,062,803 shares per month
Lanstead are getting 1,498,532 shares per month. The following shows the funds that BLK receive dependent on share price. You can decide if the amounts are worth suppressing the share price.
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
Column 5 |
Column 6 |
| 1 |
Monthly average share price: |
$0.180 |
$0.240 |
$0.300 |
$0.400 |
$0.500 |
| 2 |
Equity Swap #1 payout: |
$58,823.42 |
$78,431.22 |
$98,039.03 |
$130,718.70 |
$163,398.38 |
| 3 |
Equity Swap #1 payout: |
$143,478.72 |
$191,304.96 |
$239,131.19 |
$318,841.59 |
$398,551.99 |
| 4 |
Lanstead payout to BLK |
$202,302.13 |
$269,736.18 |
$337,170.22 |
$449,560.29 |
$561,950.37 |
| 5 |
Price paid by Lanstead per share: |
$0.135 |
$0.180 |
$0.225 |
$0.300 |
$0.375 |
