GREY:LVNNF - Post by User
Post by
cbewon May 08, 2018 1:21pm
274 Views
Post# 27998818
Weakness in Sp
Weakness in SpRelax people. I was able to get some info. from IR on why the sp has been weak lately. Apparently, a large shareholder is reducing his holdings in LVN ( wasn't given the reason why ) and a deal was being arranged by management to obtain all his shares. Once this is done ( i was told it would be very soon ) the large overhang on the market should clear and the sp should rebound. This low sp is temporary and has nothing to do with the merrits of the project. Nothing to do with management or the firm they signed on to promote the project. It is what it is so take advantage of the low sp because it won't last long IMHO.