Post by
taxdemicco on Apr 29, 2011 6:48pm
LFD COMMENTS....
Hello Everyone,
Notice how the tone of good40 has changed his tune. Why is he not bashing this stock? What happened to Kurd30 and hhoc bashing this stock?
Why has the bashing stopped? Why am I the only disgruntled shareholder? Why am I now the only true basher on LFD and for good reason.
I must say that I have had numerous people whom have come up to me, asking if they should buy LFD at 23 cents or 24 cents. I told them that there were better investments elsewhere, to say their funds. They responded with a "Really" as a suprise response, not understanding why I am telling them to avoid a stock near a 52 week low.
I am a person whom lives by principals and values. One of these is that you do not BETRAY your shareholders, at no cost do you do this. If you do, then you have broken the bond of trust and, you are no longer trustworthy with hard earned funds from shareholders.
When stock was trading at 45 cents, management should have pushed foward with a financing at 70 cents, which was to show the community that we mean business, that you are going to pay to have a piece of the pie in LFD.
Instead they made the price plunge, then they paniced after realizing that VST has nothing and, rushed into a financing at 25 cents, any cost.
Stan Bharti could have shown his strong hand by telling institutions, you either pay 70 cents or me & Soros will finance ourselves and leave you out. It appears that even Ahmed was mislead, his investment on the open market at 37 cents for 500,000 looks like a dum move.
I have not sold, I am disgusted with management. When it rallies back to a comfortable level I will sell and bid good riddance to these people.
This is what I see the criminals doing over the next little while.
On May 19th, which is the day in which the new financing closes, which is also the day in which these underwriters celebrate the theft of your shares through dilution, the stock will magically begin a ramp up. These institutions will begin pumping the stock up.
The rally will bring us to the 50 cent level, where it will trade sideways until VST reports results at beginning of July only, since they want to make sure that July 75 warrant holders go home in their underwears.
Once they are out of the way, the stock will ramp up on speculation alone, not of oil, but because both Soros and insiders need shares at 65 cents. The stock will pop over $ 1.50 per share by October 2011.
JMHO