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Tuesday, March 11, 2014 10:43:10 AM
It's very simple. Companies like this make their money selling convertible notes (Toxic financing) to lenders like Asher Enterprises.
In order to sell notes at a 50% discount, earning 10% interest per annum, LBTG can't be trading in trip zeros. Look at the 2 year chart. Tickers like this follow the same pattern over & over again.
During the spring & summer the company works in conjunction with the market makers to rocket the pps as high a possible.
This enables the market makers to unload the cheap $.0002 shares they bought from Asher from Oct- Feb, during the spring & summer for a great profit in double & even single zero digits.
This also allows the company to borrow more money from Asher, putting up convertible notes as collateral when the PPS is at it's highest. Those notes come due sometime in October, the ticker tanks and then the cycle starts again.
In order to sell notes at a 50% discount, earning 10% interest per annum, LBTG can't be trading in trip zeros. Look at the 2 year chart. Tickers like this follow the same pattern over & over again.
During the spring & summer the company works in conjunction with the market makers to rocket the pps as high a possible.
This enables the market makers to unload the cheap $.0002 shares they bought from Asher from Oct- Feb, during the spring & summer for a great profit in double & even single zero digits.
This also allows the company to borrow more money from Asher, putting up convertible notes as collateral when the PPS is at it's highest. Those notes come due sometime in October, the ticker tanks and then the cycle starts again.
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