Wednesday, November 05, 2014 7:12:50 PM
One diluter blows the price to hell? Hmmm...
There is so much stock sloshing around these last few weeks. One diluter? Doubt it.
I have been rereading the SEC filing for the 1.1 million dollar note. You know how LTNC is good with wording. It might be possible that the dilution stock is coming from the 1.1 million note being repaid with 40% discounted stock. I wonder if this might have been going on from the start. These guys could be the heavy diluters. The stock was about 19 cents when they showed up. The transfer agent is instructed to issue them stock without any restrictive legend placed on the shares. Is it possible that the 1.1 million guys are in effect doing a secondary offering for LTNC in their own special way?
We will know in 10 days or so with the 10Q.
From the SEC filing:
"The Company may make payments on the Debentures in cash (in which event the Company will pay a 30% premium) or, subject to certain conditions, in shares of common stock valued at 60% of the lowest volume weighted average price of the common stock for the 20 prior trading days."
DD2Gain wrote:
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM