RE: Easy Quadruple to $1 by July 2011....Hello Everyone,
You are bringing forth a reasonable argument. The issue does not relate to Soros but rather to LFD management, in particular with Mr. Stan Bharta.
Stan Bharta become a billionaire by using a simple formula:
a) Find a valuable asset that the market is unaware of
b) Obtain control of the company, this is key
c) Appoint management with experience for long term committment
d) Have the company become part of Stan Bharta network of companies for economies of scale
e) Provide start up financing with insider buys
f) Align interests of insiders with shareholders
g) Approve key directors whom have political influence
h) Obtain key investment from reputed well know investors
g) Unlock asset value to provide tremendous shareholder wealth
In the points above, Stan Bharta is clear that he does not give control away and, that company is part of his network to benefit from lower cost of services (ie: accountants, 43-101 reports, financing...)
You have two billionaires whom are therefore butting heads: Soros wants control at cheap price, Bharta wants control period. Each will check the other. Soros wants no dilution. Bharta wants $$$ but at a higher price.
Overall, the warrants is the idle place where there is no arguing. LFD gets $$$ and Soros increases his share, but is limited to Bharta control.
Eventually, Soros may get into a bidding war for LFD.
The idea of Soros getting shares at 26 cents is a pure dream. LFD gave Soros the first crack at 30 cents with an understanding that he will pay 65 cents or 110% more for the next big batch.
BUY NOW BEFORE IT RALLIES....
JMHO