Who knows what they are up to? It is a little disappointing that LKO management act this way. Full disclosure and transparency would help this stock. We all know it’s a numbers game and that the risks trading in any company is great. I still like this company and will hold on a bit longer. But everything must come to an end and from the trading over the last week and a half, people have found that end. If they want the rights issue to get taken up, we need news to say...”Hey look what we have”!
So far with the partial underwriting, that’s around 3 mil that LKO will get. That would make them travel for another 3-6 months with what is planned. Then what? back to the market again?
Although this may sound like I am downplaying the stock, I'm not. I'm still holding out and still thinking if I should take up the offer.
Bring on some news.
Bluesbdoull, you may be right. It could be all in the timing.. Fingers crossed :)
PS. What did baggies say to be suspended? PPS. Does anyone from LKO read these threads.....lol
LKO Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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