KGIC Inc LGLTF

RE:RE:RE:RE:RE:RE:RE:RE:RE:Dumping

[guildwood1]

I get it but once the forth coming positive news is dropped itll be too late to buy more but youll be very glad you held... So ive heard. All im willing to say atm.

 

InternalAudit68 wrote: There is still risks involed.  As much I would like to average down, I think I put in too much money too soon.  Once capital restructuring is underway and the line of credit established, I may buy at 1 to 1.5 cents.

For those with a $5-10k bet, sure, but for me, I don't want to be greedy (as I've been burned) and will wait it out.

You can see from the trading amounts, that pretty much nothing is happening is brokers are just flipping shares back and forth.  
 

guildwood1 wrote: This is a buy at these levels with what's on the horizon. 

InternalAudit68 wrote:

birch1 wrote: I'd be careful here.  You can't keep throwing money at an organization that is not turning a profit.  At some point you just have to cut your loss.

Good point. I haven't been buying to cost average down since the future of the company is still a big unknown.

But I'm definitely not selling my shares at this half to 1 cent because I have a gut feeling that an agreement with the debenture and preferred share holders will happen, if only because they too have everything to lose after having been enticed with those high interest and dividend payouts.

The game theory suggests LRN will come out alive but in the worst case, the debenture and preferred share holders might go irrationale and just let LRN go belly up.  This is why I think the conversion to common share will not be at 2 cents but maybe between 1 and 1.5 cents.