Post by
ztransforms173 on Nov 16, 2024 3:57pm
WOW ! LIND EXECUTED BUY-BACK & RECEIVED 8,560,883 FT shares
- DURING the Q3/2024 PERIOD
- BOOK VALUE of CONVERTIBLE SECURITY was REDUCED by $ 534,373
- so LIND ACQUIRED FT shares at an AVERAGE BUY-BACK PRICE of $.06242 per FT share
- they ALSO RECEIVED 12,500,000 FT PURCHASE WARRANTS @ $0.065 per FT COMMON SHARE until May 21, 2029
@ 9/30/2024:
ORIGINAL LIND CD LOAN AMOUNT: $ 1,250,000
ENGAGEMENT FEE: $ 50,000
NET CASH PROCEEDS TO FT: $ 1,200,000
CD GROSSED UP FACE VALUE: $ 1,600,000 ^
^: includes $ 350,000 in INTEREST EXPENSE
^^^
- so LIND is DEFINITELY 'ANTICIPATING' that the SHARE PRICE of FT will INCREASE in the FUTURE as they BUY-BACK into their OWN CD and TRADE LOAN DEBT for FT COMMON SHARES
z173