Lignol Energy Corporation V.LEC

On a Technical Note...

[2guys]

LEC broke 3 major support levels being the 20, 50 and 200 day ema's.  200 day ema is at 0.17.

The market needs to see some results from the current HP-L Lignin testing, and sometime afterwards a formal JV deal to commercialize the HP-L Lignin and build a bio-refinery to accomplish this.

Don't like to see the selling pressure, but at the same time this can be a buying opportunity if as I suspect all things work out accordingly.

Just a matter of time, IMO.  atb

[willpelly]

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

[2guys]

Thanks for sharing that info willpelly.  Much appreciated.I don't want to blame the recent drop in share price entirely on the markets, albeit I'm sure it has had some form of effect.Too little volume, but at the same time not much buying.  I agree the 60k sold by Lydall is insidgnificant.  Still need some progress in commercialization though for this to move.  R&D