LENP.T (LXPYF-OTC.BB) Best story ever? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : LENP.T (LXPYF-OTC.BB) Best story ever?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JR who wrote (250)	3/30/1997 11:42:00 PM
From: Dan Turner	of 619

Lenox is clearly not very close to a NASDAQ listing, especially given the recent stumbling. My understanding is that KK and DD have been talking with money people who may be interested in putting in the required capital to bring them up to the minimum. As I believe I've written here before, I have been opposed to such a move. With the stock so low, it would mean dilution, and I don't think they need the money quite yet for expansion. However, I may be wrong about that, since the amount of business they are currently doing, from what I hear, is substantial and growing very fast. If they need the money for expansion, I would definitely support it. I frankly don't know what the possible ways there are for Lenox to get free of Canadian accounting standards. Maybe they "only" need to reincorporate in the U.S. Anyone else know anything about this? Rgds. -DT

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next