Littlefield Corporation (LTFD) Message Board

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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

0.0%

Jan 16 9:30 AM EST

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To: ted w. kentzel who wrote (5206)	12/8/1997 11:55:00 AM
From: SE	Read Replies (1) of 10368

Who wants the stock price to be above $5? The company seems to be the only logical answer. So let's say they, or someone else, is supporting the stock. So what???? OK, once the support runs out the stock will tank, right? What is the downside??? For a company that is going to earn .44 per share this year and arguably at least as much next year and has $2 per share in cash, I would say somewhat minimal downside. It looks like we will be able to maintain our Bingo halls in TX and the SC deal is probably just smoke to make eventual increase in taxes on the VGM's look like a win for the industry rather than a blow to the industry. Further, out of 3,500 or so Bingo halls in the US, BNGO only owns about 20. Will the stock go much below $5 any time soon? I doubt it. How about a different question. Why is the stock being "supressed" at $6? Who is selling??? This is not a $6 stock. Period. Who would continue to suppress the stock? Any professional who bought warrants back in Feb and has a surplus of warrants over number of shares short. You can only short so many shares of this stock without causing a major price decline...so you ease into your total short position over a period of time. They could still be covering the warrants they paid less than $.50 for back in Feb. Sell the shares as the buyers emerge and not a moment before. Therefore as long as we have buyers at $6, they will sell to the buyers at $6. Either the buyers at $6 will run out or the number of shares needed to be sold short will run out. One or the other. If the buyers run out, we drift below $6. If the shares needed to be sold short run out, we start to rise to a more reasonable valuation. Who will win???? Only long term stockholders. GO PACK GO! -Scott

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