James, Post # 45 states a float of 12 million, Dusty SHOULD know, maybe he'll post that for us. I have heard that the # of outstanding shares is a whopping 80 million or more, I don't know.
This was also a concern of mine when considering to become LONG on LGOV instead of selling on a nice run up. I need a LOT more information that I can pen down as being FACT before I would commit to HOLDING Largo. I am very hopeful that LGOV will go ahead and RELEASE these GREAT numbers which were to come last July.
I've been in & out of LGOV several times and always did fine. The last time I was in LGOV, it was because Jeff Coombs had tipped me that LGOV was to produce some GREAT #'s. That was around May of 97 and Mr. Mendez had told Jeff that he expected those #'s to be released by July 1st 97. I Held on and then two sell orders hit at once totaling about 700,000 shares and dropped LGOV like a rock from .14 cents down to (I think I remember correct) .08 cents. I know I bought a bunch which averaged me at .11 cents, when LGOV went back up a bit I unloaded mine. From that time on, LGOV has been trading from .07 to .12.
I can easly SEE the POTENTIAL here and would very much like to have enough FACTS which would make me HOLD. Right now all I have is a few cents profit, so of course I would like to see enough investor interest in LGOV to create a stock price two or three times higher than current. THEN I wouldn't mind holding on UNLESS it started to repeat the past trading history, in which case I would be forced to TAKE my profits. I've been in these kind enough times to JUST EXACTLY what IS the WISE action to take.
I want Dusty and every one of you folks including myself to be holding LGOV when/IF the stock is priced at $2 or more. If this is a REAL STORY and Largo produces the FACTS to prove it, THEN we will likely see that.
Dusty, don't get ill with me because I made these statements here. Like the FONR thread, there are objecting opinions, and LGOV is a LONG way from being the quility stock FONR is, even though BOTH stocks are selling near their low.
Regards,
Malcolm |
