LNY 0.00% 0.6¢ laneway resources ltd

Ann: Quarterly Activities Report, page-64

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  1. 1,991 Posts.
    lightbulb Created with Sketch. 49
    Hi gassed,

    "Also remember, although not confirmed by the company, that 109 million shares in the last placement @ .0033, probably went to S.I.'s and unless THEY have been told something that we haven't, most of those will very quickly go on the market even if the SP goes to .004."

    At this rate, he/she will have none left to sell @ 0.004.

    I would prefer the Board to raise capital from an entity whom holds their stock.

    That sell order placed prior to open appears strategic. No genuine seller, with that much stock, whacks it all on one order....generally it's drip fed to achieve best execution and price.
 
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