GREY:LGLTF - Post by User
Post by
scappellion Jun 10, 2015 5:09pm
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Post# 23817705
Rational view
Rational viewI can understand people are angry and scared as I am both right now. One of the safer small caps and then this debacle. But if we think realistically, their model was working at first and institutions bought and believed... Then management screwed up big time and were irresponsible and dishonest. I don't believe that the bank will ask for the acquisition portion of the loan as they would have to run it. They owe zero to the bank right now for the revolving loan.
With new and experienced management I can see that with some cost cutting they can make it right. Maybe not 1.00 stock in the near term but definitlely not .10.
Institutions and investors would want them pick themselves up and make them money not bankrupt them. Right now it's damage control and prove to the big guns that they can make this work with some cuts, such as salary, teacher ratio, advertising cuts. Back to the basics, with cost effective management. Selling at these prices are ridiculous. The company is worth more than .10. I hope that once the panic is over, reality will set in and we can see the sp move.
Anyone positve that would like to add some constructive points would be great!