Subscribe to this topicForums > L&L Credit Reporting Agency and Business Services > Topic: Preliminary Conversion Schedule
| May 29th, 08:38 Lindsay Druart |
Preliminary Conversion Schedule | |
| Preliminary Conversion Schedule As stated, I am posting the conversion schedule for L&L Corporation based on the LLL price at $1.78/share. This schedule should be finalized within a day or so as I work to post the share allotments. L&L Financial Liquidation Fund at $1/share = 2/1 conversion to LLC L&L Rentals and Sales at $1.78/share = 1/1 conversion to LLC L&L Credit Reporting at $.43/share (30 day average) = 4/1 conversion to LLC L&L Financial Services at $.35/share (30 day average) = 5/1 converstion to LLC L&L Financial Services outstanding at $1/share = 2/1 conversion to LLC L&L Credit Reporting oustanding at $1/share = 2/1 conversion to LLC This will be posted in the forums for discussion should there be any questions or adjustments needed. We expect to have the L&L Corporation Forums up and running within a day or so. The L&L Corporation website has been taken offline for rebranding. LLFS and LCA website are still holding for the rebrand as well. We expect to have most of the changes made this weekend to start open trading on LLC next week. Sincerely, Lindsay Druart, COO L&L Corporation lindsay.druart@llcorporationinc.com |
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| May 29th, 14:32 Servme Nakamura |
Re: Preliminary Conversion Schedule
Edited by author May 29th, 14:43 |
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| Disregard below, I'm moving over to the LLFS forum for the discussion. ----------------------------------------------- If 1 LLRS share equals 1 LLC share, that means that one LLC share is valued at L$1.78. Yet the cash depositors in LLFS that were already waiting for their funds to become available for withdrawal are now paying L$2 for 1 LLC share, which is a 0.22 percent premium. Truth be said, the same goes for the Liquidation Fund shareholders. Since these two groups were cash depositors, don't you think that a 1.8/1 share conversion would be more correct? One could also argue over the 30 day average used for LLFS and LLCRA, but if you buy (or get) stock, you have to assume the risk that goes with it, so that seems to be "fair". Which leads me to the following : if the cash balances in LLFS that were converted to CD's were payable L$20,000 per month till the balance reached zero, I wonder where all that money went now - after all, it is too being converted to shares in a new company. Was it used to take on the debt of LLCRA? If so, why do LLFS depositors get footed with the bill of another entity? I'd understand LLFS shareholders taking on a part of the debt, as they were indirectly participating in LLCRA. If not, where is the money? Disclaimer : LCLRA shareholder LLFS depositor LLFS shareholder |
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| May 29th, 14:43 Scott Nestler |
Re: Preliminary Conversion Schedule | |
| Servme, pop over to the LLFS forum....we have those numbers already in dispute there.....I didn't have the strength to make this in 2 places -Scott |
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