GREY:LBEFF - Post by User
Post by
rocksolid47on Aug 06, 2010 2:27pm
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Post# 17328809
trading at a premium
trading at a premiumMillwright,
Whatever happened to you're latest learned prognostication of the market recognizing the value of LBE shares? I see it just can't stay above 15 cents. Whats up? Could it be the markets expect LBE to default on the repayment of the Jilin Jien debt issue. If so JJ can pick a whole whack of shares at 11 cents....poof...its gone. They do have till may next year I think but are still paying 8% on that money in the interim.
That means LBE is trading at a premium of about 36%. I don't think it will have many buyers.
Rocksolid