Yes cutty, the suggestion there are no issues is false and is offensive and insults the intelligence of shareholders who have not only held shares in this Company for years, but have also worked in the industry for years.
Well documented on these threads is the number of shareholders that have expressed being sucked in by statements that failed to materialise over the last 4 years and the number of shareholders who have individually lost tens of thousands of dollars under this management team. Also the failure of this management team to keep shareholders informed through promised Conference Calls while our SP has been decimated.
70 posts in 4 days speculating that LNGL has just sold 5.8mtpa offtake; speculating the share price has hit rock bottom, only to re-speculate when it goes lower; stating the low SP is the result of manipulation, then changing to it being the result of low gas prices and accusing long term holders of down ramping, distracting shareholders from the real issues revolving around the Company’s financials and the fact that the Company has less than $5 Mil remaining to fund operations.
Of the greatest concern now is how the Company is going to raise liquidity; whether our shares are going to be massively diluted; whether we will be the victims of a low ball offer or management buyout; or whether the management will simply allow the Company to run out of funds and be sold off cheap. These are all possibilities, as is the possibility of management being rehired to run a newly established business.
LNG Price at posting:
11.5¢ Sentiment: None Disclosure: Held
