Royce and Kennedy as large holders gives me some confidence. A little hesitant due to the competive landscape. Financials seem ok. Don't know much about the management which makes it difficult with a company trying to turn things around. Probably dead money for a while. Opinions are welcome.
Royce was a huge holder of GRB going into the last earnings release. Take a look at what happened to GRB. There were many yahoo posters on GRB saying before earnings how reassuring it was to have Royce as a large holder. Results speak for themselves. IMO, shorting LCRY is a better bet here than taking a long position. Of course, I have been short for a long time. This stock is in a nice, strong, solid, two year downtrend, and if you listened to past conference calls, management only offers up "alotta fluff" and consistently deliver underperforming results. Management at LCRY is a shorts best friend. Competition has been and is eating LCRY's lunch. Buy long at your own risk but that's what makes a market. Just know that many GRB posters thought that the strong and powerful Royce couldn't be wrong. Will Royce was wrong on GRB and we will see on LCRY. Eventually, LCRY will turn around once the final bottom is found.