YEEHAW CANDIDATES 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.

Strategies & Market Trends : YEEHAW CANDIDATES

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JoeinIowa who wrote (1043)	1/16/2003 10:08:22 AM
From: Ken W	Read Replies (2) of 23958

Joe From what I understand from the filings RCG spun off LFSI as one of their holdings, but retained the stock position. LFSI is now a stand alone company, but RCG is attached at the hip to the stock. Thus, if LFSI makes money RCG can show the gain on their books as investment gain and visa versa. They spun it because it was not making them money as a holding. They did show a small rev. item on the sale of 125k shares of LFSI shares, but not enough to offset the loss carry on the price of the held stock. IMO until they sell all of the stock in LFSI they will continue to have a problem with it. Ken

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next