RE: On a Technical Note...Interesing and insightful posts 2guys - thanks, as usual.
I have also had some concerns with the lack of institutional purchases in recent months. That being said, I am not too concerned about the tiny 60K shares sold - if that's all that goes in the midst of this crazy market tizzy, we're in good shape. It's stupid season out there, and LEC is holding within its range. Although it might delay our expected upside by a bit, I don't see anything anywhere that could potentially do more than delay sp upside - no matter how bad it gets on the macro-economic level, Lignol should be more or less immune to the trading nonesense (or at least see little effect).
Two days ago I sent D. Turner an email re: the timing of when they would release results on the current HP-L Lignin testing. Unfortunately, all I got back was a nice email highlighting their recent press results from June and July regarding the "successful results of OSB trials with FP Innovations" and saying "we subsequently had two releases referencing new industrial trials for light without any mention of OSB. We then issued a joint release with HAI in July on the results of the trials for foundry resins."
Finally, he kindly ended with a "We plan to report progress on other trials and the results of customer discussions as soon as they are completed."
All nice and dandy (aside from the mediocre writing ;-), but you'll probably agree, very much useless. (Not that he could say much, obviously).
Happy trading, and good luck!
W.