Guys, I think it was a positive ann. I have no doubts that dealing with the Chinese on waht is a sizable purchase has been a long drawn out process particularly in the current financial climate. The mistake Linc management made was to apply time frames that were not achievable - it was not that the sale itself was not achievable. This has resulted in a considerable loss of confidence in company announcements. I cannot see how this announcement could have been phrased any differently other than to say management is still very confident of completion. It seems to me the stock has been drastically oversold.
P
LNC Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
