GREY:LSTMF - Post by User
Post by
bushhog1on Jul 21, 2016 8:39am
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Post# 25071495
Why is LTS Management destroying their Shareholders?
Why is LTS Management destroying their Shareholders?Conversion from old Shares to new Shares.
Old Shares New Shares
198,500M 2,350M
1 share = 0.01183879093
1000 shares = 11,83879093
10,000 = 118 (approx)
50,000 current shares = 592 new shares
According to my calculator
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Management borrowed Billions of Dollars from Shareholders, Banks
and Bondholders over the years to run the Company, believing
borrowing to run a Company is a good way to grow and be profitable.
Now management suddenly sees the need not to borrow anymore, so
they decided to destroy the present shareholders and bring in
New Shareholders
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Only my opinion