Hi Jean,
If I remember correctly the RT Growth manager is/was John Embry AKA Precious Metals fund (#1 in Canada last year). Look, the stock hit a high of 3.45 8-12 months ago. If there is a 10-1 consolidation, it would have to get to 34.00 just to equal its previous accomplishment. I dunno?! A company like Corel is having trouble getting into the high teens, meanwhile LEG has to consolidate to spur institutional interest. It'll still be the same company, same revenue, same p/e same losses. Those that dropped it for fundamental reasons, and unlike me, were right for doing so, are not going to pick it up for the same fundamental reasons ie: this company has not proven itself or the value of last years aquisition. I'm in at an average of about 1.35. Kept averaging down as the ship was sinking. A Newbridge, Cisco or Hummingbird, these guys ain't. Hell, they're doing worse than Syquest's stock. So, IMHO, if you want to gamble, check out the Advanced Viral Research thread in the Miscellaneous:Biotech side. It's a whole soap opera and alot of fun to invest in so long as you don't mind losing what you throw toward ADVR. As for LEG, I'm waiting for the shareholders proxy to arrive so I can vote against the consolidation and I'll probably pick-up another 10000 shares if it falls to .20. Anyway, hope I'm not spoiling your fun, if you want to gamble a bit on these guys then be warned. Didn't Bramelea do a 10-1 a couple of years ago? Where are they? Anyway I better get to bed before my girlfriend calls and asks where HER Legacy shares closed today (0.35). See you. Good Luck.
Zsolt |
