G'day Shellbell. People that know me know that I don't let incorrect info go without my responding. Just ask LNY management and HC supervisors!!!. But, I got my messages across to those who counted, the readers on HC and am very happy to have done so, beating them at their own game with THE four most important announcements that they were responsible to have given to their shareholders. When we we have been told if they didn't have to be reminded?
Now it's this one "All I can conclude (given the three-fold SP appreciation that followed not too long after) is that one shouldn't even try to second-guess the "Boy Boys' Games" but simply accept them. Sorry to see that the less than scrupulous antics of the Bizzell games disturbed gassed enough to liquidate (from what I can gather) and miss out on the profit that then unfolded."
I liquidated after FINALLY making a very nice profit after many many long years of pain and having to continue to accumulate at the low prices to offset the 98% loss that I was holding, like every other Renison holder, when LNY was "created" and had that disastrous 1:300 reconstruction just to please SB and pay off HIS debt from RSN. EVERY other holder of RSN did all but 5% of their dough cold!!
BUT, SB was essential to keep LNY floating, so the RSN holders had to cop it sweet, but, if they didn't trade at the new lower prices they have literally lost every cent that they started with, some, tens of thousands of dollars, but, LNY "survived" to continue the "story". Pity about the RSN shareholders that tried to keep that company going.
LNY is now a producer, a business, so, punters now start doing things like EPS and PEs. Now LNY have blown out to nearly FOUR BILLION shares. Do the EPS on that and see why the SP is still lingering at well below what I liquidated at.
IMO LNY is still a private company for mine, but, it's now a brand new story and lots of blue sky for those that enjoy a punt. But, at my age, I'm just taking a small interest in a couple of "green shoots" and learning a lot about two very important matters for the future, treatment of cancer and lithium.
I don't punt for money, just doesn't interest me, it's the stories that I like to be a part of. LNY has lots and lots of "potential" new news to keep you guys entertained and, probably, well rewarded. Enjoy the ride, but, keep the pressure on management to stop treating you like mushrooms.
I just hated the dark. GLTA
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