INTERNAL ACTIVITY.... Hello Everyone:
Three options available to LFD:
a) Joint Venture by diluting 40% share by 33% to Genel whom finances the project
b) Buyout of LFD by Sinopec or other interested party
c) Reverse split to enable financing at much higher prices and keeping 40% share
d) Issuance of shares at higher prices (ie Bought deal)
Whatever the decision is, we know that it is better than the status quo, do nothing. If we can get the oil off the ground and revenue coming in, stock price will trade north making new highs irregardless of which approach is taken. At this point, I think we can all agree, decide and do something.
JMHO