GREY:LSTMF - Post by User
Comment by
oilman53on Jul 21, 2016 3:37pm
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Post# 25073629
RE:RE:Questions for everyone here
RE:RE:Questions for everyone hereThe same question is always asked for companies heading to oblivion. A lot of "believers" were using that argument on the PRE board to justify their position in the Company. 1.5 million shares at 12 cents isnt a lot of money.. There is alwasy going to be speculators willing to bet a few dollars on anything.. The price action is telling me that the people in the know are not buying because the chances of that deal being approved by all parties is virtually nil. IMHO it will be bankrupcy protection, liquidation and the debt holders getting all the proceeds and the common shareholders gettting nada... I wished I had had more guts when I shorted this stock in the past couple of years. I would be very rich now! I was too chicken and covered with significant but not obscene profits