Friends, Romans and Innocent Passers-by,
As I seem to hold the forum here, you have no choice but to lend me your ears, or, in this medium, your eyes!
As most of you have no doubt noticed, trading in LRL has come to a screeching halt (duh!) and, for those of you who do not benefit from a subscription to Canada-stockwatch or an association with someone who does, this could largely be due to a relatively large block of stock which has been offered for sale at a limit well above today's closing price. I say "relatively large" because in light of the recent month's trading volume in LRL, it should not be the cause for any real concern.
Speaking to the company, they appear dumbfounded and confused (not an unusual state for those of us who have grown to know and love the IR Dept., but still) and quite frankly have no idea about what, why, where etc.. But, the comments made left me no doubt that they are steadily looking for someone or something to pin this on. (Let THIS be a warning to whoever is selling!! <<ggg>>).
Which brings me to my next point..
Because of the particular nature of this situation and the obvious touchiness displayed by the IR Dept. when probed for an explanation which can hold (at least some) water, IMAL will be withdrawing from making any further public comments until such time as is deemed appropriate. There are some wild, wild rumors circulating out there and I believe a reduction in idle speculation to be in everyone's best interest at this present time.
In closing, I would however urge the company not to make a mountain out of a molehill and, also, I FIRMLY stand by my recommendation to buy anything which is offered under CAD 2.50.
Stay tuned for the continuation of this impossibly entertaining, edge-of your-seat investment adventure.
IMAL |
