communication or lack of it, page-2

LCR are totally out of cash so suspect Ian is working a deal with a broker to secure his future salary as we speak. No money to do anything in kitty. Blew $4M without ever getting a drill to hit the ground - embarrassing. Hence the radio silence I suspect. Now it's panic stations for Ian. Some broker (most likely one of the existing brokers whose clients are already under water) will probably raise funds at $0.001, put a new business in it, load up with oppies and go again. Strangely enough, this is probably the best chance for current shareholders to recover something - but by the time they do, the new financier and his mates will need to wash through the system and there will be a lot of stock on issue when this one re-invents itself. The days of 4c are long gone! Reality bites folks. Would be good to get a new management team but suspect current guys will be rewarded for "finding a solution" despite the fact they clearly are not able to run the business. Just my musings folks - DYOR - time will tell how this unfolds (but something will happen soon as there simply is no cash left by my calculations).