GREY:LGLTF - Post by User
Comment by
AuntiePennyon Feb 24, 2015 3:04pm
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Post# 23460114
RE:RE:If this was a sweeheart deal..
RE:RE:If this was a sweeheart deal..
True - a discount - but from the current/recent market price which at the time this deal was being contemplated was .52. That's why I say .45 would have been a more proper point. The way the initial announcement was worded virtually guaranteed a price decline. Now with a .37 price recently set the .40 deal looks like a lock with the authorities. I don't want to come across as a basher. I don't short penny stocks and can therefore only make money if they go up. I want LOY to go up and think that it probably will. I'm hoping there is some opportunity in the offing that induced mgmnt to settle for this price. $8 million is a lot of moola for a junior and maybe mgmnt's just in hurry to get on with some business or other. I like LOY; it's one of the precious few Venture stocks with a bona fide P/E ratio.