GREY:LSTMF - Post by User
Comment by
bushhog1on Mar 09, 2016 12:39pm
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Post# 24639362
RE:Book Value
RE:Book ValueWell it can't be the book value that is causing the stock to drop,
because the b/v (Financial statements) was out since last thursday night.
Its just simple manipulation.
LTS decided to revalued their Assets value lower again unlike lots of other
oil companies and will be able to revalue these Assets write offs back
higher when oil goes up.
So the book vaue will go back up with higher oil.
Even with this low book value $2.30, the stock price is trading way lower ($0.41)
What a bargain
Oil is over $38.00 and LTS s/p refused to move up