TSXV:LBL.H - Post by User
Comment by
MakingHayon Aug 11, 2016 5:42am
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Post# 25129663
RE:Not sure if anyone posted this yet:
RE:Not sure if anyone posted this yet:Hi FS
My view is that LBL management needs this much needed cash to finance they're " going concerns "
We all hate to see share dillution, but at this point in time, and without profit, money must come from somewhere. Having said that, profit is just around the corner. With profit, comes escalated share price.
So we're adding 3.2 million shares to 49.75 million shares give us 52.95 million outstanding shares. In todays world of investing, exchanging much hated debt into equity is a good thing. We still have a pretty low float of around 44 million or so. So for this morning, we have 25,000 bids in at 0.26 cents with a share price of, well, 0.26 cents.
Lookin good to me ...................... Hay