Lurk - Wally debate
I'm afraid that Lurk is getting away with a "red herring" in framing the issue as whether management should have raised the extra money at 50 cents in May.
Management raised a pile of money back then and the stock ran to $1.50.
Millions of shares were sold between 70 cents and $1.50.
In assessing the competence of management, two questions are extremely pertinant:
1. How many shares did management / insiders dump during this run?
2. Why didn't management do a financing during this run?.......a $10 Million financing should have been easy!
For the record I had a lot of shares which I sold during that run ( not at the top, sad to say ).
I have continued to monitor LGO to determine whether to get back in. I don't think I will, at least until I have satisfactory answers to the above 2 questions.
I KNOW, I KNOW...I could have bought a few weeks ago and made money!
But you could have bought VIRTUALLY ANY Resource Spec stock and done as well or better, and I did.
I'm writing this to help set the record straight, not to crow. The company has an interest in two very good properties, and I wish you all the best.
GOOD LUCK