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Re: reader3 post# 139917

Saturday, 12/09/2017 3:25:55 PM

Saturday, December 09, 2017 3:25:55 PM

Post# of 255538
I would trust the court documents over a PR for the complete truth. Some debt may have been settled for 33 cents (as you stated) while other debt was settled for 65 cents imo (.33 + .65 = .98 divided by 2 = .49) Which works out to "an average of less than fifty per cent (50%)" (which was clearly stated in the 10/16/17 PR and the court documents).

More importantly though, you're overlooking the fact that shares were issued to Livingston Asset at a 45% discount to market. Which means shareholder's will be paying for that generous discount by way of CONTINUOUS DILUTION. As the stock continue to drop, MORE AND MORE DILUTION as per the terms of the Settlement Agreement

Such past-due obligations and accounts payable contained in the Settlement Amount covers approximately $1.8 million in Company obligations as reported in the Company’s most recent quarterly financial report dated July 31, 2017, which LAM has settled with the Company’s creditors at an average of less than fifty per cent (50%).

http://www.otcmarkets.com/ajax/showFinancialReportById.pdf?id=180752

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