Phil:
It's also obvious that I hold no position and therefor have no "agenda".
Its clear your "agenda" is not driven by any personal financial position relating to LGTO. However, there could exist other "agendas" unrelated to financial gains. Perhaps I was being a bit too paranoid... if so I apologize. It just seemed to me that all you were trying to do was to spread more FUD (fear, uncertainty, dread) amongst the last of the LGTO holders and possible future investors. I only have a small position in LGTO and I placed it as pure gamble, so even if LGTO declared bankruptcy tomorrow, it'll only serve to help reduce my capital gains tax owed next year.
I asked you to "put your money where your mouth is" since you seemed to be indicating to us that LGTO will falter to near-worthlessness (e.g. experience the same fate as Shiva). If that is your belief, then I felt you should short the stock now. I would, if I felt that the company was headed for near-bankruptcy.
I still feel that LGTO is a good company with solid products, so once the books are cleared, it should more than double or even triple from where it is today within 6 months. SHVA had some nice products for the "Apple" platform, but at the wrong time, and at the wrong prices. I was never impressed with their competitiveness.
Of course, the real question now is, what will the audit of the LGTO books reveal? I'm gambling that the worst is behind them. I think shorting LGTO now is much more risky at this point that going long. Thus I hold onto my long shares, and may add more to it if it continues to falter on no news.
Sam |
