You are right but I dont think the current board has the required skills to turn this ship around.
It's been the worst drop in a long time for me. To watch a prior darling that could have been a high quality, dividend paying small cap to a stock that has so much uncertainty around it in addition to the collapse in SP is ridiculous.
How we are in the 30cent area and struggling to hold any meaningful gain for a few days.
I'm strongly considering off loading this entire position.
Shareholders are in a very very bad place. Sitting on losses but to me this loss could have again.
If we have one more negative update and I dare say it wont be great the sell of will be bad. We could face anotber easy 20% drop from these levels on anything but an amazing result.
That is the risk factor.
I'm down 30% and I brought at what I thought was a ridiculously low level. The fact this position could sit into a 50% loss is real.
I also don't seeing the SP sky rocketing to my target price for at least 2-3 years and right now to get break even it would have to jump 60%...
The probability of this is unlikely. I could (hope) I am wrong.
A board turnaround would take a long time to come to fruition and be reflected in the SP.
LBL Price at posting:
36.5¢ Sentiment: None Disclosure: Held
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