@DavoMagic It seems like you're letting your emotions get the better of you. Before making hasty conclusions, exercise some critical thinking and sound judgment. Have you even considered the potential implications of this sudden revelation for the company? This information has already been discussed in these forums, but let's go through it again focusing on the facts...
Equity analysts and modeling support that there's no long-term material impact on LLL if DSO is outright banned (assuming you're doing your due diligence/modelling as an investor, which I hope you are).
However, two factors are contributing to the temporary trading halt:
- Communication with government entities takes time: Getting in touch with your state government for minor issues can be challenging enough. Now, imagine the complexity for a billion-dollar company involved in a foreign joint venture that has to communicate with a foreign government regarding a very complex matter. Additional time and effort are reasonable expectations.
- Preparing for potential changes: Even if DSO is banned, LLL may need to adjust logistics and operations. This includes revising plans, managing communications with vendors, reallocating resources, reevaluating inventory management, and preparing proper investor communications to ensure LLL is acting responsibly.
While it may seem like a delay, it is a prudent decision that ensures the company is well-prepared to resume trading with complete and accurate information, safeguarding the interests of shareholders and stakeholders alike.
To ensure we're actually adding value (rather than be a troll like HC Trader saying inappropriate and offensive remarks), try to avoid emotional responses and baseless assumptions. Instead, rely on facts and reason. The company's official statements should be our reference, unless you can provide concrete evidence to back up your claims.
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