LCG 0.00% 6.0¢ living cities development group limited

The selling at 4.5c in 100K and 50K lots if I was a betting man...

  1. 1,972 Posts.
    The selling at 4.5c in 100K and 50K lots if I was a betting man I would bet that it is Springtree selling their latest purchase of 4.1c shares. Companies like Springtree prey on lowly capitalised companies and destroy the companies share price. Whilst FWL have ceased making placements to Springtree the money hungry buzzards have decided to start converting the $200K of convertible notes into fpo's. By selling at 4.5c they more or less guarantee that their next conversion is lower than the last. I think FWL should enquire whether they can pay out the remaining $150K because at this rate Springtree will have the sp under 4c. I would also like to see FWL come out with an announcement that they have terminated the Springtree deal because if/when the sp rises above 12c Springtree will be allowed to convert $60K into fpo's each month until the end of the agreement.
 
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