what's your take on the options and where this is going? More put volume than call volume for July 19, about even for August.
I'm trying to figure out if I want to average down from my mid $2 position now, or wait to see what happens at next ER in August.
I buy into both points by MADaniels and HOPE. I'm waiting on confirmation from the Co. that Lee did not sell these rights out from under the company, or loan them out as part of a shell game to leverage assets to expand.
If the rights do not expire, I would expect the rights are most valuable to Union, and I would expect that you're not going to get 100% of the value in a distressed situation. At 50% value, this is a $1 stock (assuming the value of the rights is relatively unchanged and not loaned out).
Does anyone have an example of a holding company liquidating mining rights in a distressed situation for a comparison?
The problem is that human beings lie for money, and the incentive to lie is inversely proportional to the likelihood of being caught.
Keep in mind, views are not as right as we often think.
For example, "giving blood saves lives". From my perspective, if i need blood, anyone that donates could save my life, so this is a true statement if someone else is giving.
It's not the case if I'm the giver. I'm AB+ which is the universal receptor for blood types. Me giving blood is a waste of time and resources. The only people that could possibly use my blood are AB+ recipients, and it would be a crime for an AB+ person to donate whole blood given their unique blood type.
Why you ask is it a crime? Only 3 percent of people in the U.S. have AB+ positive blood type. AB+ type blood donors are universal donors of plasma, which is often used in emergencies, for newborns and for patients requiring massive transfusions.
With that, I urge you all to get out and give; be well and do good work.
Finally, to those profiting on the demise of a company, well seems like a moral crime to me. It the very least, it's a tool to make money. But making money for money's sake, well the Bible says something about that as Hoopty points out.
Thanks, made me smile twice. Once that GEO was long, and a second time to see the OTC trading price at $2 and change.
Don't forget, the FBI and prosecutors from the United States attorney’s office in Manhattan have opened a criminal investigation into the $400 million fraud at Banamex, which Citi revealed in late February. I don't think Citi is going anywhere.
Umbisam it appears you were right on Lee being a criminal. Alleged at this point, but I'm having a hard time thinking the SEC doesn't have good proof. I hope you're wrong on the rest, time will tell.
Interesting events with NQ today. Someone we know on this board tweets to tell people to short NQ this am, and low and behold a fake twitter account posts some information causing a sell off. Of course this is only two weeks out from ER for the Q4 and the year. Gosh I wish I had bought puts right before that story broke, and took the profits to buy calls right after.
I'd bet a paycheck if we sat you down in a room with either the CFO or CEO your reality and theirs would be like Mars and Venus. At the end of the day, as long as things keep revolving around the Sun I'm happy; but to me, you're saying the Sun revolves around the Earth....sound familiar????
That's what you see. Now what do you think the CFO and CEO see? If you ran a company and read this message board, would you spend much time responding to the messages here, or run your business?
I only ask because there is no gaming in the NVA, which I believe you referenced in you're neck of the woods. My only point is that most things in life are a matter of perception. Mine is that you're not from NVA, since i'm inside the beltway, and that's true NVA to me. Are you so adamant about LLEN due to inside knowledge, or is it just your perception of things from the NVA?
I could say the same thing about a lot of stocks people are buying, including MTL, NBG, ISCO. The difference...??? believing in the future :)
Company stated in SEC filing they would not be profitable for the foreseeable future,and have not been profitable since inception in 2005, except for a gain in 2010 due to a sale of a subsidiary.
Take a look at the S1 filing for more details.
Funny, I emailed Bracy when the Geo hit piece first broke... I got his email from the chain of correspondence in the resignation letter and ensuing response. To my amazement I received a response, but nothing was said worth passing along at the time, something to the effect that I no longer follow LLEN and have no opinion.