I never said PB was responsible for the wider downturn and risk averse sentiment but I do hold him responsible for spending over $450 million and adding another $150m in debt in the space of 18 months.
You don't get it - the company has no cash and just debt and a few carrots that bunnies are not interested in.
GCL deal? I'm sure those guys know about the current law suit that ERG has against them. Apparently PB has broken contractual agreements and promises with ERG. Not a good look to the Chinese I would've thought?
My negative overtones? Just stating some obvious facts and as I am not a shareholder my views are far more objective than yours. You are talking and holding in hope.
Put it this way.......if you had opportunity to get out of this stock with all your money back I'm sure you'd take it. Golly gosh, you can invest your money in so many other stocks that have sound and in most cases undervalued financial fundamentals.
LNC Price at posting:
53.0¢ Sentiment: None Disclosure: Not Held
