RE:RE:How LIO may play outLike Tommy said, it's management's job to keep everybody informed..not just big shareholders...
When you call over there...they tell you what's going on and what we should expect....but it doesn't often end up like they are telling you!
I remember talking to someone at the company after the financing...I was pissed because of the sudden change of plan...we always heard no dillution right? He told me...but who knows if the warrants will get exerciced...! After I almost choke saying ARE YOU SERIOUS? IN 18 MONTHS WE WON'T BE HIGHER THEN THIS?? He back tracked saying... We all expect to be much higher then what we currently are trading in 18 months!
truth is...we are almost trading 50% lower then what we were 15 months ago!
I have no doubt in my mind that the warrants won't be exerciced...we are too close to the deadline to dillute us another 50%!!!!! Why would you rush 3 months at this point after standing still for 15!
that would take a lot of money of our pockets! So, I am sure this will wait even more!
why reprice?? We don't need that money!
A large investor sold almost 2 milion shares...so, not sure management is entertaining their big shareholders decently...
If yo go look at Miramar and northern orion...Walter wasn't the CEO at the time of these takeover...Not sure if he stepped out of his job or got kicked out! More research would be usefull!
where are those people he apparently made rich?? They aren't rushing to buy LIO...we are tanking!
I don't see nobody rushing to buy LIO shares...why? Risking to wait another 12-15 months?? Missing all the other plays around meanwhile??
Truth is, we can't trust what they are telling us...and I don't waste my time calling there anymore...If I would mark the moment they told me stuff would happen and the timeframe it took to do it or for anything to happen...you would also realize it's worthless to hear about them!
most of us have been here for years hoping what was sold to us will ever happen... Truth is, the return so far has been pathetic... Maybe one day the big payday will happen...but so many investors are tired...I expect there will be a lot of sellers...and I will be buying more shares at this time... But right now, why should I add? Risking waiting here in an illiquid stock for another 2-3 years?? That is a plausible scenario.... Remember last October...they told usthey were confident to ink the rest of the caldera quickly...guess what...it's been 12 months now and we haven't heard anything about it... My guess is that some people in FIJI aren't happy with the delays and false promisses also!