GREY:LSTMF - Post by User
Comment by
Pancho2on Nov 25, 2016 8:24am
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Post# 25512487
RE:RE:RE:Did Anybody else have a freak out?
RE:RE:RE:Did Anybody else have a freak out?Article stated "Still, management, directors and employees lost millions from their own investments in the process."
Management was not completely wiped out.
The way I understand it, is LTS got $1.35B deal for 97.75%
of the new shares. The old Shareholders will received the other 2.25%.
( about $0.15 per share)
Yes these guys have no shame, they revalued their assets very low and
then sold out to the Secured Bondholders.
Good luck !!