Lattice Biologics Ltd V.LBL.H

RE:RE:RE:NEWS debt repayment 5 cent valuation....

[Unicorn9000]

Magnum2 wrote:

Perfect, now we have 34.76 Million shares of overhang @ 5cts...

In addition, the Companyannounces that it was named in a statement of claim filed January 2019 by Cheryl Farmer, the former Chief Financial Officer of the Company, for wrongful dismissal in the amount of $2.5 million USD. The Company and the plaintiff have come to a satisfactory resolution and Lattice Biologics trusts that Ms. Farmer will have success in her future endeavors.

The Company reserved $600,000 Canadian in its most recent audited financial statements. The settlement includes a severance payment of $100,000 to be paid over 9 months, and 18 million shares at $.05 Canadian. The shares are subject to TSX approval, and all regulatory restrictions.

Lattice Biologics 16.76 million shares for debt 2020-05-28 17:25 ET - Shares for Debt The TSX Venture Exchange has accepted for filing the company's proposal to issue 16.76 million shares at a deemed price of five cents per share to settle outstanding debt for $838,000. Number of creditors: one creditor Insider: Guy Cook, $838,000, 16.76 million shares at five cents The company shall issue a news release when the shares are issued and the debt extinguished.

That's right as MaterialWorld puts it

Guy is no fool. Hahahahaha almost 17 million shares. Is that salary? 

even profitable mid Tier companies in Toronto don't make a third of that. Geez

scary stuff