LCT Capital review: greencell technologies shares (gt5)

Have been approached by this firm (LCT) to buy back my shares for a client. Initially they are supposedly vested and I need to have them converted to ordinary shares so that they can be sold. And that miraculously my holding has been subject to a 4:1 split.

Sounds amazing. OK

Next thing, apparently these shares are now subject to a warrant (ie a rights issue) of 1:1. Again fees need to be paid up front in order to double my holding and sell on to the client. So miraculously my shares have increased in holding by tenfold.

As we all know warrants or rights issues should

1. Be offered to the shareholder (ie me)
2. Have an expiry date on them.
3. Should I happen to sell my share to this "client" without exercising the rights then it is to his benefit anyhow.

Besides all of this GT5 has been delisted for some time now.

Smelly? Yes. What I want to now is how does a company like LCT get involved in these dealings?