LFD Lets Friggen DrillIf LFD wants to get jiggy with it, they have to get the seismic data forthwith and get a damn drill program up and running.
The only way this stock will move is if the drill gets turning and it does not appear to me that they have the capital to engage a drill program so we will likely see another PP but at what price? Dilution is an issue but at the current price, this one is a potential takeover...maybe that is why some big guys got in to protect their interest. If their options are set at a higher price than market and it is time to execute the warrants, the big guys usually have the power to negotiate a lower price or let their options to purchase lapse. This situation will come to bear soon and it will be interesting to see how things play out as the bigger investor will likely be pushing for their own interests so LFD will be forced to get jiggy with it and get some action happening.
Stay tuned and LFD Lets Friggen Drill or get off the outhouse pot!