GREY:LGLTF - Post by User
Comment by
traderguy5000on Dec 16, 2015 1:31pm
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Post# 24388907
RE:9 month revenue of $34 million trading at .005 a share.
RE:9 month revenue of $34 million trading at .005 a share.Their revenue is fine, but their costs are significantly greater. They have run out of cash, with little chance of raising capital.
LRN will be bought, but unfortunately it will most likely be bought out of bankruptcy.
LRN has gone from a gamble to praying for a miracle.
It is hard to believe LRN could not be saved. It required more time and money, and they have essentially run out of both.
Good luck to all longs. Salvage what you can. The bid is getting stronger.