LFD IS FLUSH WITH CASH!!!!Hello Everyone,
I read posters whom own shares and then come to this board and complain, complain and complain. This is the stock market, not a marriage to your wife. If you can't take the heat then either don't get married or, get out of the kitchen.
Investing in LFD at these prices is a terrific bargain compared to where price will be in the future.
We buy stocks when they are LOW and sell them when they are HIGH. Right now, we are LOW.
LFD is flush with cash:
a) Kurds PSC contract don't want any payment until there is oil production
b) Warrants at 30 cents will give LFD $ 7.5 million
c) Warrants at 65 cents will give LFD between $ 5 million and $ 10 million
d) LFD oil production will give consortium $ 175 million in revenue starting Q4-2011
MATERIAL INVESTORS
1) Soros with $ 5.7 million at 30 cents
2) Insiders with $ 1.5 million at 30 cents
3) Ahmed chairman with 500,000 shares at 37 cents
4) Chief geologist with 200,000 shares at 20 cents
FUNDS
LFD walked away from a $ 15 million BOUGHT DEAL, which in plain english means that brokerage houses entered into a contract where they bought $ 15 million worth of stock, funds were in place.
LFD walked away from the BOUGHT DEAL. They preferred a PRIVATE DEAL where close friends, family and insiders could load up on a smaller amount of $ 7.5 million at 20 cents and, $ 7.5 million at 30 cents.
Stan Bharta is a billionaire and runs LFD. Soros is a billionaire and is invested in LFD.
TRACK RECORD
LFD has a proven track record, real oil 41 API, in massive quantities 5,000 bpd, from 1936 drilling.
Drilling was successful and well was capped since KURDS has another massive deposit of oil next door.
The LFD well could contain 1 billion barrels of oil, at the very minimum.
NEIGBOURS
LFD well is located nowhere near the VST well. LFD well is located on the same trendline as WZR, a few kilometers whom hit a major deposit of oil, similar to what LFD already has.
VALUATION
LFD is valued at $ 30 million, in what a 2 person ice cream shop would be valuated. To think that this is not cheap by some shows just how delusional they are.
GOOD40
Good40 may have been correct for now if your timelime is 6 months however, come and see within 2 years when stock is double digits and sing to me how he is right....I want to hear it.
MY 2 CENTS
LOAD UP while others are delusional, confused, bitter, angry, lost and have no hope.
BE SMART, it is when there is blood in the streets where you get your biggest rewards and that time is NOW....
JMHO