I went over some ONCI docs to try and determine we
Post# of 40991
(Total Views: 395)
Posted On: 07/09/2018 12:14:51 AM
I went over some ONCI docs to try and determine were the LAM Section 3 (a) (10) debt reorganization stands.
From the Fins released on June 15th, 2018 (page 4):
40,000,000 released during (3) months ended October 31, 2017
40,000,000 second tranche released January 22nd, 2018
120,000,000 additional released during the 3 months ended January 31, 2018
450,000,000 released during the (3) months ended April 30, 2018 to complete the LAM Section 3 (a) (10) debt reorganization.
Adding the totals above, 650,000,000 total shares have been released to LAM to satisfy the Section 3 (a) (10) debt reorganization.
Also, from the Fins released on June 15th, 2018 regarding LAM (page 12):
“A total of 610,000,000 of common shares were issued in various tranches which LAM realized total proceeds, net of direct selling cost, of approximately 1.61 million at an overall average sale price of .002641”.
So, if a total of 650,000,000 shares have been released to LAM to complete the Section 3 (a) (10) debt reorganization and as of the Fins released on June 15th 610,000,000 shares have been sold, then that leaves only 40,000,000 shares remaining to sell.
(Speculation) Since the release of the June 15th Fins 326 million shares have traded. Any of those shares could be some or all of the remaining 40 million LAM shares. Prior to Fridays 44 million shares traded, the previous 10 trading days averaged only 14.5 million shares. It’s not unreasonable to consider that some of Fridays 44 million shares included LAM shares.
From the Fins released on June 15th, 2018 (page 4):
40,000,000 released during (3) months ended October 31, 2017
40,000,000 second tranche released January 22nd, 2018
120,000,000 additional released during the 3 months ended January 31, 2018
450,000,000 released during the (3) months ended April 30, 2018 to complete the LAM Section 3 (a) (10) debt reorganization.
Adding the totals above, 650,000,000 total shares have been released to LAM to satisfy the Section 3 (a) (10) debt reorganization.
Also, from the Fins released on June 15th, 2018 regarding LAM (page 12):
“A total of 610,000,000 of common shares were issued in various tranches which LAM realized total proceeds, net of direct selling cost, of approximately 1.61 million at an overall average sale price of .002641”.
So, if a total of 650,000,000 shares have been released to LAM to complete the Section 3 (a) (10) debt reorganization and as of the Fins released on June 15th 610,000,000 shares have been sold, then that leaves only 40,000,000 shares remaining to sell.
(Speculation) Since the release of the June 15th Fins 326 million shares have traded. Any of those shares could be some or all of the remaining 40 million LAM shares. Prior to Fridays 44 million shares traded, the previous 10 trading days averaged only 14.5 million shares. It’s not unreasonable to consider that some of Fridays 44 million shares included LAM shares.
(7)
(0)