weekend aftermarket lounge 1-4th june, page-4

quiet week overall for me

not much movement in portfolio

BNE - i purchased a couple of small parcels this week at 0.7 & 0.6, saw the selling continue today into 0.5c - still holding

just noticed the cleansing statement 14th May, LJ have reduced minimum monthly payments to US$10,000 if I understand it correctly

a) because they're holding too many shares already
b) don't want to have to commit to too many shares per month
c) pump machine on the blink in current market conditions
d) can still be issued large parcel at bargain basement when a decent announcement comes along

watch for a large parcel conversion (which may come after the event) or company running out of cash due to small conversions not covering running costs?

maybe they've come to some arrangement, i'll have to have a chat to the answering machine and see if i can find out