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The current status of the LAM 3a10 settlement

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QTRADERQ   Tuesday, 02/06/18 06:28:07 PM
Re: BigTimeWinner post# 155552
Post # of 176391 
The current status of the LAM 3a10 settlement

80 mil 3a10 shares have been issued to LAM from Oct -Jan
400 mil additional shares will be issued in 2018 (see first link)

480 mil shares in total will be issued

As per this post, only $286k in legacy debt has been "settled" with LAM, leaving $600k. These numbers come from the 10/31 FINS.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138194758

By my estimates, it will take an additional 400 mil shares to "settle" the remaining $600k debt (calculated as $600k divided by .0015 = 400 mil shares). These additional 400 mil shares will be issued to LAM through the end of 2018 beyond the July 2018 maturity date which will be extended.

The reason my estimate increased from 200 mil to 480 mil 3a10 shares
Steve in his infinite wisdom gave LAM a 45% discount to market. With the stock price in the toilet (F_L_U_S_H), the lower the stock goes the more shares that will need to be issued.

Lastly, those who estimated back in Nov/Dec that only 150 mil shares would need to be issued have been proven completely and utterly wrong.

Here's my original post on the subject from Dec 9th. ONCI stock price was .0053. Perhaps now looking back it will make more sense to the skeptics.

The Dirty truth about Livingston Asset 3a10 Settlement Agreement to repay 1.8M in legacy debt and how it's destroying ONCI stock price.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136771628

As always. JMO
$ONCI



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