Labrador Resources Inc V.LTX

So There Has Been No Early Warning Report For The Entity

[ShortOnCash]

That converted the debenture earlier this year @ $0.10. With incuured interest, its almost 1.6

million, constituting an insider over 10% post rollback.

Now, they announce issuing 1 million shares at $0.01 to raise $30 000.00.

Where are the valuations coming from, to constitute such a discrepancy in issuing shares at 

$0.10, and then at $0.01, in the same year when this hasnt even traded?

And what does that do if the one who converted the debenture hasnt filed an early warning report,

and the company issues another 1 million shares, putting the debanture holder back under 10%?

Whaaaaat???