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04/03/22
11:00
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Originally posted by PutUsernameHere:
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"Reasonable incentives for the management for taking right decisions." Hahahaha mate. Congrats on entering where the bottom might be, great timing for you if this decides to come around. But that statement shows exactly how green you are to this stock, and why LTH aren't particularly receptive to your optimism. On the 27th April 2021 the share price was around $0.20 after a long steady decline from much higher. And the company announcements actually had a nice ring to them, where they were at least upholding the appearance of being active, it seemed like things were about to turn around significantly. It was at that point the cracks started to show and we realised just how lazy management was. These "incentives" would mean the CEO had 18 months to hit a share price we'd been touching on only months before. Based on what the company was saying it was about to unleash at the time, these milestones should have been hit as part of standard practice. But hey, they sure showed us exactly how big of a flop they could be. They might actually have a go of it over the next 9 months, and if they look to hit their targets, you are going to be riding pretty mate, but these targets should've been hit quite some time ago.
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I totally understand your point. I am looking at things from a different standpoint than you. If it touches 20c again, I would have made around 4 bags while many long holders wouldn’t even break even. As the situation stand as today, I see significant upside on this but I may be totally wrong. Time will tell only.