Post by
DreamBuilder08 on Jun 08, 2020 9:13pm
NEWS IS OUT!!!!!!
Lattice Biologics Eliminates CAN$838,000 in Debt BELGRADE, Mont. Lattice Biologics Ltd. (TSX-V: LBL) (OTCBB: LBLTF) (Lattice Biologics or the Company) is pleased to announce that it has obtained TSX-V approval to issue 16,760,000 common shares of the Company to settle outstanding debt. Can$838,000 in debt held by Guy Cook has been converted to equity at a price of Can$0.05 per share and the debt has been extinguished. The common shares are subject to a four-month hold period. The conversion of debt to equity was previously approved by shareholders. Following completion of the conversion of debt to equity Mr. Cook now holds direct ownership and control over 27,393,705 Common Shares representing 32.38% of the Companys issued and outstanding Common Shares, and 18,480,141 non-voting restricted shares (Restricted Shares) representing 72% of the Companys issued and outstanding Restricted Shares.
Comment by
Stock20 on Jun 08, 2020 9:18pm
Great news. Now bring on good news and we will be welover 0.15 cents. Thanks for your post.
Comment by
Smiles62 on Jun 09, 2020 11:04am
If I was Guy, owning 72% of the shares, I would keep the price at it's lowest so I can buy all of the remaining shares and take this thing over privately.
Comment by
Smiles62 on Jun 09, 2020 11:15am
Anyone else here think that if someone owns so many shares could easily affect the trading volume (liquidity of the stock)?
Comment by
Smiles62 on Jun 09, 2020 8:52pm
I would like to know what ping-pong and his friends think about what I wrote, anyone?
Comment by
PingPong888 on Jun 10, 2020 12:42am
I disagree. If I was Guy, I would want the overall market float to be higher. Look at SHOPIFY. They did well when owners owned majority of the shares.
Comment by
Stock20 on Jun 09, 2020 12:08pm
Hopefully we here some news on Thursday. Same like last time they did. Announce debt conversion and within two days big news came out. No way anybody wants to sell at 0.045 cents. Keep buying from last couple of days for chance to win big. Did same thing with MRS. Bought at 0.055 and sold at 0.18 cents in two weeks. Where else can you find great risk vs reward than LBL ?