GREY:LGLTF - Post by User
Post by
britishcinnamonon Feb 18, 2015 3:44pm
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Post# 23440837
Let's hope for an acquisition soon
Let's hope for an acquisition soon My anger was unjustified. I reread the news, looked at the company and weighed in a bit from the comments on the bullboard. Ryu's move to beg for money from the institutions may be daft, but he will probably acquire something big with it. Given that LOY has heaps of cash and lots of credit, he may try to acquire a $25M company for all we know.
Also, the shareprice is now below his public purchase at $0.47.
Along with the stock being oversold, it is now below the CEO's most recent purchase price. Doesn't take a genius to see that the current SP is far below what anyone is expecting. Hopefully, a psychological effect will help us bounce back before acquisition news.