"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 !!
LNY Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
