Insider Report from Stockhouse.com
Lasermedia [LZMCF:OTC-BB/LMCD:CDN]--Connections Surface
In the just the last two weeks, we have watched Robert Lifton join LaserMedia's Advisory Board as Chairman, on May 27, and then Tom DiBenedetto became a Board member on June 8. The Insider Group has discovered a connection, a history, between these two powerful gentlemen. It turns out that when DiBenedetto was at Allen & Company, the New York based investment firm, Lifton was his first brokerage client. We also found out that Richard Hue, CEO of LaserMedia, and these two gentlemen may be meeting soon, and although we are not certain what will be on the agenda, we suspect that it may have something to do with introducing more "big" investors to LaserMedia. We will alert you of any developments as we receive them. This next month could see the unfolding of a critical stage of LaserMedia's corporate maturity.
Turning to the charts, the pattern of thinning activity and relatively stable price supports our position that LMCD/LZMCF is currently in the process of consolidating its recent dramatic gains. The share price held its own today as LZMCF dropped only 4 pennies to close at US$1.28, and LMCD lost a nickel to close at C$1.85.
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