GREY:LGLTF - Post by User
Post by
tmf3333on Jul 07, 2015 7:19pm
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Post# 23900757
Change Is Good
Change Is Good
I've been following LOY since the beginning of 2015 and just like most investors, I thought that the sky was the limit. We all ended up getting taken by terrible management.
With all the news in the past month, the stock will go up. .07 is the support level although it looks like .08 will be the new level with .09-.095 being resistance.
Bringing in Shawn was the best move. Followed up cleaning house. His professional background with the companies he has been with will clean up all the mess left by the previous management team. That was the 1st step that has now been completed. The second step is the agreement with BMO which has been completed. The funds raised will be used to raise margins which in turn will help pay off the debt (which is not a whole lot). Worst case scenario, they sell off some assets to pay it.
At this point with regards to the stock, there won't be a lot of movement other than .005-.015 for the next 3 months due to day traders. The movement will happen when they announce if they can pay the BMO debt in September and the next quarters earnings release. Best case .20 by end of September with .35 by end of year if debt paid off and increased margins on their earnings. If you bought at .07 like I did, you are sitting pretty. I'd put a stop loss at .055-.06 to cover yourself.
Remember, cleaning house and replacing with competent management and taking steps to increase margins and decrease debt is clear. They've laid out the plan, how the financials need to provide the proof.
My Guesses:
End of July: .10-.105
End of Aug: .11-.12
End of Sept: .15-.18
End of Oct: .18-.20
End of Nov: .19-.195
End of Year: .21-.23