GREY:LSTMF - Post by User
Comment by
bushhog1on Jul 21, 2016 9:23am
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Post# 25071630
RE:Why is LTS Management destroying their Shareholders?
RE:Why is LTS Management destroying their Shareholders?Are Shareholders going to vote yes to destroy themselves?
We seen the share prices tumble from about $35.00 to 16 cents
over the last 7 years.
The few weeks, before this Restructure Announcement was announced,
LTS share price fell to about 18 - 20 cents
Volune of shares sold, crossed, or traded below 20 cents was about 15M.
So it was cleared up to then that only about 15M shares were bought
below 20 cents.
Management quickly jumped in and propose to sell new shares to Bondholders
that equate to Billions of current shares below 19 cents
But the Remaining 183.5M Shareholders (198.5M - 15M) bought over 20 cents
Why would they want to vote yes to sell at 19 cents?
Only my opinion