RE:RE:RE:RE:This is the best investment for next 3-6 monthsConfidentDD wrote: Agree completelty. The overhang of free trading shares from the chronic need to keep raising funds will sink this. The selling when the Nov raise at 15 cents goes free, will kill the SP and the Lenigas ATM money raising machine.
DuckDive wrote: When you spread confetti around at the rate that Lenigas does, hardly a month or week goes by without some earlier lock-in agreement unlocking or warrants being cashed in. The form book says that this will only get worse the longer Lenigas is allowed to call the shots.
There could also be plenty of panicky people who bought almost 25m PP shares in November at 0.15 now making sure that they bank a profit before the SP drops further (and cussing themselves for not having done so weeks ago). Theoretically there could also be a similar number of 0.25 warrants from the same PP which are being exercised now for a small profit before it's too late. It's free money so why not?
And unfortunately, the new blood and the new money may be drying up as the bubble bursts and the harsh reality of Life with Lenigas begins to dawn on folk.
Smallcap84 wrote: I agree with the future potential,just having a hard time understanding the sharp recent reversal from .345 on very heavy volume...thought something big was about to be announced,
Since about the 10th of February there was about 45 million shares traded and give or take a couple of pennies we've been hovering around the same SP. So, therefore, I can't agree about your sentiment regarding the November PP at $0.15 and shareholders dumping to secure a profit. That should've and would've taken place, but it didn't and I seriously doubt that it will.
For what it's worth, I think we're headed in the right direction. Slowly and surely with bumps along the road, as we are currently encoutering.