Trading post-bankruptcy bounces Message Board

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Microcap & Penny Stocks : Trading post-bankruptcy bounces

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To: Real Man who wrote (8)	7/8/2002 10:28:11 AM
From: Glenn Petersen	Read Replies (1) of 93

LDP is probably not a good candidate. The company is based overseas and recently completed a one-for-ten reverse split. According to Yahoo, there are only 6.4 million shares outstanding and the float is 2.7 million. Not enough potential action to attract the day traders. I have some very fond memories of LDP from 1999. It was pumped by Kimberley Lee. Did five minutes of due diligence, picked it up at $18 and doubled my money within 10 days. Those were the days. :) I'll keep my eyes open for the next disaster. LDP Might might too far gone; currently halted by the NYSE: biz.yahoo.com Friday July 5, 10:00 am Eastern Time Reuters Company News London Pacific ADRs halted by NYSE pending review NEW YORK, July 5 (Reuters) - The New York Stock Exchange said it halted trading on the American depositary receipts of London Pacific Life & Annuity Co. (NYSE:LDP - News) and was reviewing its listing status after the insurer was placed under supervision by North Carolina regualators. The Exchange said in a statement on Wednesday that the ADRs of the U.S. life insurance subsidiary of London Pacific Group Ltd (London:LPG.L - News) would remain halted until the review was completed. London Pacific said on Wednesday it was placed under supervision by the North Carolina Department of Insurance, but did not provide further details. In mid-June, the company executed a one-for-10 reverse split on its shares to be in compliance with the NYSE's minimum listing requirement of $1 per share over a 30-day trading period. The NYSE said the company now met this requirement as well as its requirement of a market capitalization of $50 million over 30 days. The ADRs of London Pacific closed at 96 cents on Wednesday on the NYSE.

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