LBAS - Location Based Technologies 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.

Technology Stocks : LBAS - Location Based Technologies

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: locationboy who wrote (130)	4/26/2010 11:51:32 AM
From: notimetowaste2	Read Replies (1) of 152

One more thing locationboy, your comment regarding buying $10M worth of shares on the open market being unrealistic shows just how big an idiot you are. Of course they can't buy stock on the open market but that is not a good thing. Here is a bit of Microcap stock 101 for everyone. If no one can buy OR SELL any significant stock on the open market without significantly affecting price on this stock, this is an indication of a micorcap that has an artificially supported stock price. The market makers and insiders are controlling this stock. For companies with a real valuation, you could easily trade 1% of the total stock without significantly affecting price. There is no way you could do this at LBAS. 1 million shares would send the stock to pennies a share. There is no true liquidity for this investor, and experienced investors know this, even if you guys don't. This is why there is a much greater discount than 12% on a stock like this and much more than 25% warrant coverage to sweeten the deal. MOre proof that the SPA in the 10Q is a sham. Live and learn locationboy.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next