LFEI - A trading shell! Message Board

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Microcap & Penny Stocks : LFEI - A trading shell!

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To: SI Brad who wrote (14)	4/3/1997 9:22:00 PM
From: Don Downing	of 68

Hello Brad, When the shell comes to agreement with a crab (great use of your vocabulary) there will be a merger or an acquisiton. At first there will most likely be no change in number of shares. Of course the "new" company could increase the dilution of shares if they choose anytime after they take control. When an acquistion or merger takes place LFEI would be trading at some function of the value of that company, i.e. x times book value. I agree that currently LFEI should be trading at the value of a shell, $0.25, $0.35 maybe $0.45. That is why this situation is so undervalued at current levels. So, in the short term LFEI is a great opportunity. In the longer term, the potential is much greater, however shares prices are greatly dependant on the merger or acquistion candidate. I don't think this is a stock for the foolish investor, obviously. I think this is a great issue for the more aggressive investor to acheive well above average returns. Happy Investing, and great analogy, Don Downing

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