Make an announcement, quick pro quo, anything....the momentum has completely been stabbed in the heart. If i was Mr Lampen or Dr Frost i would at least announce that it was a misprint or ask for daily political and zolmar to post a correction or let it drop back down to the $1.60's which is next right before earnings.
It is not in LTS's interest to make any announcement to protect their stock, need to remember that LTS is repurchasing its own stock, any downgrade is a welcome news for LTS. It is good news, a cheaper stock will allow LTS to repurchase larger volume of its own stock , in the long run it will be better for those that hold on to the stock; less shares out there = higher price. On another note, when the owner of LTS is a billionaire, gaining 8% monthly cash on LTS preferred shares, why will he care about the common stock? Dr. Frost owns @80 million shares of the LTS common shares, less LTS shares will make him wealthier. Buy, hold, and sell when Dr. Frost sells.
I would suggest you call instead of email them...also important to remember,management doesnt care about swing trades,they are building a business to sell at a nice profit down the road...in the big scheme of things this is a non event...
I completely understand that. That issue is always in play...however for all of last year insiders average buyback price was $1.68 and LTS was in a downtrend for all of 2012. It wasnt until july of this year that they finally broke resistance. I say all that to say this if your intent is to sell the company anyways im sure they want more than .07 a share on just the last year and half insider buys.alone.....and this deliberate post from a unknown finance outlet is too conveinent in my opinion and i think being down .30 in less than a week and seeing a breakout in trend aviserated is an event....but hey thats just me.