RE: Yes ! LFD a $1 stock !one thing that I'm wondering about when considering lfd future is Soros fund involvement. The fund very, very rarely invests in junior venture stocks and they decided to buy into two pp; one 20 mill shares at
.30 and recent purchase of 9 mill @
.20. Almost immediately after closing pp in june 2011 they sold in few weeks 2.6 mill shares and during that time stock dropped to
.05. They stopped reporting sales on Sept.2011. I'm sure that Soros fund didn't look for capital loss as reason to invest in small junior oil play. It looks to me that their aggressive summer selling was intentional push to lower share price and install doubts of company future and push many investors for exit booking loss. In the next couple of months we should see how this story unfolds. My guess it'll be positive for current shareholders.