nit2win, Bogus info? Really? Look at the 10Q.
The float has at least doubled from 2.4 million shares to 4.8 million shares. 1,042,000 shares from converts, 600,000 shares from an earlier convert, 800,000 shares paid to consultants.
The compant might have paid off 650ish worth of notes. But they issued new notes and now hold over 1.2 million of them. They also have showed they were unable or uninterested in paying off the recent notes (1,042,000 million shares) before converting.
If this converting is the beginning of a trend we are looking at around 10,000,000 possible new shares.
It is nice you were born at night but I fail to see what that has to do with the dilution to LTNC shareholders.
nit2win wrote:
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Great try but bogus and outdated information!
Yeah, there is soooo much dilution going on that the shares outstanding on the company have BARELY increased over the last six months. Which would be IMPOSSIBLE if we were seeing "tons" of conversions.
I love how we refer to the convertible notes as of the last 10Q but conveniently leave out the roughly $650,000 of convertible notes that were PAID IN FULL with no conversions as reported in various press releases AFTER their latest 10Q of September 30, 2012.
Yes, I may have been born at night, but I wasn't born LAST NIGHT!
If we are going to dish out information, let's at least make sure it is accurate!!!
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