Please, for Heaven's sake, stop the whining!
All I get to hear nowadays about Luxor is investors complaining. IMAL, there's no liquidity; IMAL it's dropping on no news; IMAL, I'm embarrassed to be asked about Luxor at dinner parties now; IMAL my mother bought some near the high on my recommendation and now she hates me; IMAL, the company said they would make things right this year and now I'm stuck and can't get out. Enough!
Everyone now seems to have lost sight of the big picture. Remember folks, this is a Vancouver Exchange start-up, like Luxor would remind us at every possible opportunity. They have a great product, and a patent, and that's it. Everyone knew that from the start. Other than that this is a VSE penny-stock like any other. I don't know why everyone is expecting it to act like a Microsoft. But everyone seems SO disappointed nowadays. Go figure.
Granted, Luxor ain't got no sales to speak of (or we'd had heard), and granted, it's got probably one of the lamest IR departments in public company history, but they're trying! With private placements and option and stock sales as their main source of income since years, these guys have done a great job of staying alive and staying listed. Luxor has the best management that it can possibly afford, and it's right in line with what one can reasonably expect under those conditions.
The VSE has lost two thirds of its value in the past couple of years and yet Luxor is still trading at twice its 52-week low. How many stocks on the major exchanges can boast such a feat today? Talk about a defensive play!
Anyway, I am sure everyone realizes that LRL is just getting geared up for the 1999 building season which promises to be THE one everyone has been waiting for since at least 1994. I think Luxor, and its CEO and sales and marketing team, deserve a big round of applause and our continuing support in their sisyphean labor of bringing the IBS2000 into the collective awareness of the North American home-building industry and its related interests.
I, for one, can hardly wait to see what the Spring brings forth.
IMAL
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