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16.5¢ latin resources limited

Then how do they get their money? Are they pref shares they are...

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9 Posts.

13/11/18

13:57

Post #: 36485759
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Originally posted by The_Proletariat: ↑

No position, but I know about them. Lind (formerly Springtree) are essentially a corporate loan shark, which lends to companies who cannot obtain funding from any other source. Usually they convert the shares they get by sending the SP into a death spiral. In this case, there's a conversion clause, so they'll need to get their money back some other way. As LRS have no money with which to pay, the only way I can see it to force a bankruptcy.

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Originally posted by The_Proletariat: ↑

No position, but I know about them. Lind (formerly Springtree) are essentially a corporate loan shark, which lends to companies who cannot obtain funding from any other source. Usually they convert the shares they get by sending the SP into a death spiral. In this case, there's a conversion clause, so they'll need to get their money back some other way. As LRS have no money with which to pay, the only way I can see it to force a bankruptcy.

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Then how do they get their money? Are they pref shares they are issued?

LRS Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $560.2M

Open	High	Low	Value	Volume
16.5¢	17.0¢	16.3¢	$2.888M	17.35M

Buyers (Bids)

No.	Vol.	Price($)
16	2375951	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	1225997	12

View Market Depth

No.	Vol.	Price($)
5	215700	0.175
6	630000	0.170
7	1125150	0.165
8	1918920	0.160
10	651683	0.155

Price($)	Vol.	No.
0.185	1869389	8
0.190	3947046	21
0.195	3325980	9
0.200	2906221	23
0.205	1881708	11

Last trade - 16.10pm 27/11/2024 (20 minute delay)

LRS (ASX) Chart