Lignol Energy Corporation V.LEC

Haywood Adviser owns 10.7 %

[birchjunk]

Recently, David Lyall  acquired ownership of 462,000 common shares in the capital of Lignol Energy Corp. representing approximately 0.93 per cent of the issuer's issued and outstanding common shares. Following this acquisition, Mr. Lyall owned 2,974,367 common shares and exercised control or direction over an aggregate 2,343,917 common shares for a total of 5,318,284 common shares representing approximately 10.66 per cent of the issuer's issued and outstanding common shares.
Lyall is Haywoods senior investment adviser.
MacNeil of Haywood is the covering analyst.
A new research report will be due out soon, most  probbaly an upgrade.

[2guys]

That's always a good thing.  Would be interesting to see what Lyall's average cost is, just to know if under .20 is a good entry, which I believe it is a steal.  Unfortunately the sellers don't seem to think so.Front Street Capital also owns a small position, some 500k shares at an average price of .22.  They're usually very good with due diligence and are savvy