Post by
taxdemicco on Jun 25, 2011 1:57pm
SELF-INTERESTS...........
Hello Everyone,
There will be no PP at 15 cents cause there will be no investor interest at that level. There is a point where management is unable to raise funds and, 15 cents is clearly that level.
I don't know what the cost of drilling their first hole targeting 2,600 feet. Management was sitting on a $ 15 million bought offer which they refused. They preferred a much smaller offering. It was their choice.
Perhaps, it was decided that less funds were needed for this first hole as they obtained confirmation from VST that they hit the motherload. We will all know about VST in next few days to next few weeks at most.
The issue with LFD is one of credibility. Management should stop flapping their gums about what they intend to do and, only announce what they are doing. This will reduce the hype.
Management has shown a willingness to lie on many occasions (ie: postponing drilling twice, not honouring PSC contracts). Management has also shown an unwillingness to level with investors, why are regulators asking questions, why was bought deal cancelled, why has drilling been cancelled twice with no excuse.
Shareholders are entitled to responses.
Management has shown that they are indeed self-serving and selfish so based on this, I have hope that LFD will rally due to pending selfish reasons for management to want to have the stock rally:
a) Stan Bharta has warrants for 65 cents expiring in September 2011
b) Soros has warratns for 65 cents expiring in September 2011
c) Chief geolgist, I forget his name, I think ....bloom, purchased shares at 20cents
d) Ahmed purchased shares at 37 cents
Above are all of the selfish and self-centered reasons why management would want stock to go up.
It is unfortunate that one has to invest in a company where you need to identify first the management selfish interest prior to knowing when to invest. It is obvious that management is not at all concerned with shareholders and their best interests. They are treating this company as a private firm.
You have rights. Demand answers.
PS: I know there are those whom always see a lower price as a great bargain and hope for lower. By going too low, there is a point of no return. So even if you buy very low, it is possible that the firm ceases operations altogether. This is the danger of wanting lower, lower, lower and much lower. It is a no win situation.
I am playing my cards as "show me what you got", so I am not folding. Pressure is on them to perform.
Also, VST must have something pretty fantastic for management to stall LFD for so long.
JMHO
Comment by
raybay_98 on Jun 27, 2011 8:30am
Sounds like you got your head up your a-s!