Debt holders have no choice but to accept worthless sharesfor debts settlement or lose everything. LTX was unable to close a private placement of 9,000,000 units at 0.01 per share and have to cancel it on June 09, 2017. No one was dumb enough to fork over $90,000 to a company with less than $30,000 in cash and $3,520,470 in debts. The float balloon up to 145,265,784 shares after the debt settlement on September 29, 2017. They are still broke with almost $2 million in debts after this settlement.
Don't believe the blockchain bullsh?ts associated with LTX untill the company made public writtent statement about it. It's ILLEGAL for the company to disclose such privy information to anyone prior to the news release. Beware of the SCAMMERS on this board.