GREY:LSTMF - Post by User
Comment by
heavyvolumeon Jun 11, 2016 9:26pm
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Post# 24957653
RE:Heard this could be the penny stock of 2016
RE:Heard this could be the penny stock of 2016
I'm surprised there isn't more buzz on this one. Book value $2.40, assets $2.5-3.7B, PWT asset sale worth $1.1B at decent non-firesale prices.
Things look promising in the oil patch these days. Agreed, I wouldn't bet the farm but the gains we see here might be the same you saw at BTE below $2.
I hope to see refinancing instead of asset sales on LTS. Bashers want asset sales so obviously, that means that shareholders are better with refinancing. No worries about dillution. This thing is dilluted with enough doubt, fear and uncertainty. The could do a PP at 20 cents and still end up with 50 cents at the end of the day and still end up as a micro cap.