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LGX Oil + Gas Inc ROAOF

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.


GREY:ROAOF - Post by User

Bullboard Posts
Post by tcorridoron Oct 16, 2004 3:45pm
359 Views
Post# 8056568

crushem Re; chelekis

crushem Re; chelekiscrushem, I'm not sure if you are trying to dissuade current, and potential investors, but if you've performed any DD you know this company is extremely undervalued, especially as of the last few days. There are larger paper holders who have released a portion of their holdings while we were at are high, and why not. And, while on this calculated retractment, I assume have been only to happy to accumulate for the next run. Did you notice any accumulation on the descent? I did. And they have to make their money back on the next run. There are really only two paragrapghs in the Chelekis essay which could have any relevence to this stock. Is this what you are trying to point out? "You will see evidence of a VERY sharp drop in the share price with HUGE volume. That is you and your buddies running for the exits. If the deal is really for real, the market manipulator wants to get ALL OF YOUR SHARES or as many as he can... and at the lowest price he can. Whereas before, he wanted you IN his market, so he could dump his shares to you at a higher price, NOW when he sees that this deal IS for real, he wants to pay as little as possible for those same shares... YOUR shares which he wants to you part with, as quickly as possible." "The market manipulator will shake you out by DRIVING the price as low as he can. Just as in the "accumulation" stage, he wants to keep everything as quiet as possible so he can snap up as many of the shares for himself, he will NOW turn down, or even turn off, the volume so he can repeat the accumulation phase." T.
Bullboard Posts