RE:RE:RE:USCG What about the company is "horribly performing"?
Laurion is a pure speculation play. It has no revenue, no cash flow, no profits. Anyone who's invested in this company has done so with the intention that the MGMT Team is steadfast in their commitment to prove up the mine and sell it to someone who can start mining operations.
The markets have the company priced exactly where it should be based on the above until there is an material change. This investment opportunity is all about how much an acquirer will pay for the land holding position, what the proven and inferred Gold and other precious metals are available to mine.
There is another reason why the SP doesn't drop to zero. The vast holdings of the CEO, Board and F&F category.
No one knows why some board members had to sell, they also have a pile of options they can exercise immediately at low strike prices to boost their holdings if need be. I wish they found alternative methods of raising money but I also don't know their financial situation intimately. If John Cavello was selling I'd be worried, he isn't, he is probably the only board member that actually should be on that board in my opinion.
The story hasn't changed, the opportunity hasn't changed. If you want LME to be worth $1-2 right now based on current trading volume, it won't happen. If Cynthia can execute and close a deal around $4+ we're all set to make a lot of money.