Well said! The $71 million on hand will provide LYC management and board with room to move with regard time if they need to renegotiate another facility or slow down development and cash expenditure - either way the shares are rightfully a prime target for rumour and manipulation if the stock was allowed to keep trading - especially since the stock has decent volumes on a daily basis to attract sharks.
It would be nice to think that if the stocks recent decent is in any way a result of shorting activity then the shorters can get to sweat on a possible good announcement seeing them well and truly scorched.
Now THAT would be a nice thing.
LYC Price at posting:
19.9¢ Sentiment: LT Buy Disclosure: Not Held
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