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abew4me

01/11/18 12:46 PM

#2219 RE: Jiffytrader #2217

Jiffytrader said: "ATM usage was nearly exhausted after the 3rd qtr. It does NOT appear they are selling into the market and share count has not moved."

What proof do you have that LTBR has "exhausted" the selling of their shares?

In fact, just the opposite is true. If you look at their quarterly filings between July and December, they have only added 2 million shares to their outstanding balance (see below).

Ending June 30th, 2017 = 9,911,864 shares and 7,112,143 shares issued and outstanding as of June 30, 2017 and December 31, 2016, respectively

Ending September 30th, 2017 = 11,426,754 shares and 9,911,864 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively

And why in the world would you claim that it "does NOT appear they (LTBR) are selling into the market and share count has not moved"?


I think it's obvious that LTBR has been selling on the open market by virtue of the volume being twice as much as the current outstanding shares. The fact that the share price was knocked down from $2.07 all the way back to $1.20 proves that "someone" (LTBR) was selling shares on the open market.

IMO, there's no other explanation.