Morning all.
Dazzaa, i suppose you had that phone call with SW for your own benefit and a very good gesture to inform fellow holders.
The thing that worries me is the conflicting information here. I want to put back into LOM the funds i took out recently but there are things that have raised my eyebrows.
Management need to post an announcement stipulating what was discussed in your phone call. This is to make all holders aware in black and white. I say this because of a situation with another stock i own. RFN announced quartely results recently and the sp plummeted from 197 to 105 in a matter of days. Reason was because revenues were only 39k when they were signing up 10-15 clients a week. Management then seeing this sp decline, issued an announcement informing shareholders of the structure of income stream. This file up notice alleviated fears for a lot of holders and the stock rallied from 108 to 138.
So the point i am trying to make its that if LOM management also make an official announcement regarding delay of results, etc, etc, the shareholder will be more at ease then that management is on the right track. If this were to occur we will find the sp stabilising rather than leaking 5c a week.
As has been pointed out, going from continual news to no news should be concerning and it is to many.
Without an announcent of this kind, the sp will be testing 25c shortly.
Sometimes people who think they are doing the right thing and the best they can, need outside opinions and feedback to make them aware of what the situation looks like.
It worked with RFN and i see no reason why it wouldn't work here.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 13000 | 0.038 |
1 | 60000 | 0.037 |
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3 | 381414 | 0.035 |
Price($) | Vol. | No. |
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0.042 | 157819 | 2 |
0.043 | 138576 | 3 |
0.044 | 112000 | 1 |
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