GREY:LBEFF - Post by User
Comment by
rocksolid47on Apr 20, 2010 9:24pm
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Post# 17013240
RE: RE: Like I said...
RE: RE: Like I said...Jilin Jien took 51% of LBE, what part of that don't you want people to realize. There is additional convertible debt @ 8% which, if not paid, turn into guess what; more shares for JJ thus more dilution. Now I know only an idiot would see it as anything but ...screwed.
i know you want to keep comming back to ISM, but it is the LBE shareholders who really got hosed because LBE management did not see the obvious problem with their execution plan.
Rocksolid