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Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?
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To: Euan Hayward who wrote (247)3/28/1997 12:20:00 PM
From: Dan Turner   of 619
 
While I am definitely NOT pleased with the report I am not selling the stock. I've written yet another, and this time quite detailed, letter to KK and DD putting on the line what I see as their failings. I agree that the positive developments are *quite* positive indeed, and the potential for the company hasn't changed. Indeed, with the addition of the Estalloy product it has substantially increased. I fear it will take some time, however, for the stock to recover from KK and DD's screw-ups. And, a lot of it will depend on whether they make appropriate changes. You all know I've been urging them to get out of Canada for a long time, and this last revelation only increases the importance of that, imho. As always, I encourage all to write directly to KK and urge that he get his act together in terms of doing whatever is needed to get the official accounting done to U.S. standards and get his auditing and reporting done within a reasonable time.

Rgds.

-DT
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