GREY:LGLTF - Post by User
Post by
BigPapaStockon Feb 19, 2015 11:03am
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Post# 23443455
New to LOY
New to LOYBought in today on the recent weakness. I've been following LOY for a while now and love the way the company has been growing. I believe the recent financing is to fund an acquisition which was stated in the purpose of funds
"The company anticipates that the proceeds of the offering will be used for general working capital purposes and the financing of potential acquisitions."
I was waiting for it to drop back down to these levels as it continues to bounce back into the 50's everytime it does. I think there's huge potential here and once this financing closes, the uptick will resume.