TSXV:LBL.H - Post by User
Comment by
AndrewKenon Mar 16, 2020 8:56am
114 Views
Post# 30811801
RE:Great news from LBL CEO
RE:Great news from LBL CEO"
CEO Guy Cook recently settled $1 million of debt for 20 million shares at $0.05. When the conversion took place, it was a 100% premium to the stock price. Now that may be why it pulled back a bit after the initial positive reaction. We think this represents an excellent buying opportunity as $0.05 is the floor. The CEO wouldn't convert the shares at that level if he thought they weren't worth at least that much."