Hi guys , i was just looking at the latest issue of lfe shares to Cornell Capital under the funding agreement signed last may 2006.
It seems to me that each month LFE issues shares up to the value of basically $300-400k.
So that follows , that it is basically in Cornells best interest to get the share price down , and get issued with shitloads of shares , until they cant manage it any longer.
they could in theory spend up to say half of the repayment each month keeping a foot on the share price until either the loan is paid or something else happens , like for example LFE decides to sell its shares into a euro fractitionator like kedrion.
Once LFE ceased to exist in its own right , the shares they received in the new fractitionator would probably tend to revert to thier true value , and along the way Cornell would clean up.
The sceptic in me noticed that since this deal was done in may 06 , the share price has basically gone south.
LFE
life therapeutics limited
