LGX Oil + Gas Inc ROAOF

RE: Looks like a PP coming

[Kel2]

The common reference here is that CC is selling and that CC is buying and therefore inovolved in a manipulation of the stock. CC has some major institutional shareholders but they also have a very large signigicant retail stock postion and those people suffer the same way anyone else does as the stock moves up and down. They have to deal with margins being reduced and watching their equity values decline. Obviously, some are going to choose to sell stock just like shareholders at every other firm. CC, as a firm, beyond holding broker warrants, assuming they still do, I would expect does not hold one share corporately. Brokerage firms are not in the business of taking that type of risk. Should they exercise some of their warrants they immediately sell them and take their profit. They do not trade the market. So...when you are suggesting that CC is involved I would have to assume then that you are actually saying that specific large shareholder who happpen to deal there are playing games. I still disagree. The news release put out last week, although it stated oil was found, still provided more questions than answers. The resevoir size is in question. One can make the case that the stock is worth more now based on previous drilling than where it is currently trading, but that is irrelevant at this point. This is an exploration company still defining it's asset and currently not in production and the market tends to trade this type of stock at a discount. It is what it is. FCP went through some wild up's and down's and still does. There are nervous shareholders and they are going to do whatever they think is right for their current circumstances. The days of Murray Pezim are long gone and with the regulatory controls that are in place today I seriously doubt that there is much going on here at all except normal trading for a stock that still has a retail base that is too large and an asset that is still maturing through a drill program that is encountering some geology that was unexpected.