LNY 0.00% 0.6¢ laneway resources ltd

Ann: Quarterly Activities Report, page-215

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,991 Posts.
    lightbulb Created with Sketch. 49
    01 Aug 2018:

    "Subscriptions totalling $1.08 million have now been received by the Company, with firm commitments for a further $1.92 million being received from investors (including Laneway’s directors), subject to receipt of the necessary shareholder approval."

    "In addition to the securities issued on 28 June 2018 to the value of $0.86 million, the Board is pleased to advise that it has received additional funds of $0.22 million for which shares and convertible notes can be issued...."

    These issued shares are now coming back on the market @ 0.0035, and for the fortunate few....@ 0.004

    Resulting in a windfall of 16.67% and 33.3% respectively....for the fortunate and opportunistic participates.

    Why the F* aren't these shares issued under some sort of escrow (Escrowed shares).

    Who are these participates....and what is their relationship to the chairman and/or any director.

    I'm sick to death of this SH*T !!
 
watchlist Created with Sketch. Add LNY (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.