Now up to 2.76B LTNC shares that Ryan purchased on the open market since November!
He paid an average of ~0.0003 per share = ~$800K
He retired over 1.7B to-date.
He paid ~$500K for these shares that he "burned" for the benefit of all shareholders. These are not "company" shares, they are shares bought by Ryan Schadel.
The shares were worth $1,077,554 on the open market at the time that he burned and retired them:
- At the time that he burned over 706,867,658 shares on January 14, those shares were worth $777,554 on the open market.
- At the time that he retired 1,000,000,000 shares on June 8 (last week), those shares were worth $300,000 on the open market.
Sounds a whole lot different from the "noise" that we hear on message boards doesn't it?
I think it's worthwhile for investors to see this clearly above all of the noise that is continually posted on the message boards.
Any CEO who is trying to "pull one over" on investors does not give back over $1M of value to shareholders without having their arm twisted.
Any CEO who is trying to "dump their shares" to scam money from investors does not give back over $1M of value in personal stock ownership to shareholders without having their arm twisted.
Any CEO who is trying to scam investors does not stay true and on course - and "on the record" in tweets and blogs about debt and liabilities being paid - consistently, unwavering, over a 7 month period.
Any CEO who does not strongly believe they can execute a recovery and turnaround plan does not invest $500K of their own money in the company stock off the open market and simply retire it - Not to mention the ~1.18B shares that they still hold (and did not sell one single share over the 7-month period while doing all of this).
What ever happened to all those shares that Ryan Schadel was said to have "dumped" on shareholders? ... crickets (not a single share... crickets) What? Where's THAT noise, now?
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