OT - Actually, in the President's words, can't you "feel gvander's pain?" Poor LITH is struggling, just had 50% share dilution, no immediate financial or revenue hope in sight, and the new majority owner has taken over, etc etc ... so gvander is simply trying hard to see some good out of it. I think of us two or three years ago... And maybe they'll get through it... But I'm not sure the current shareholders are necessarily going to benefit, and I wouldn't be ready to gamble my pennies there, yet.
Have you skimmed the LITH or ULBI threads lately? You'll see why some would feel a need to generate interest for their favorite stocks by coming here and posting OT for us. However, I agree with jean claude that the multiple posts off-topic, trying to hype LITH, are a bit too much.
Interesting that on the other thread, gvander posted an opinion that VLNC was in dire financial straits; whereas many here have a much different view, having now gotten a sense of the plan by seeing Lev and company in person, as well as the evidence of and comments on their readiness for production; and they have seen Lev's 'just in time' financing not as a 'red flag,' but as a way to minimize borrowing until they're in a position to raise cash with much less dilution.
For a comparison, another favorite investment of mine (SEPR), with a float similar to vlnc's, just raised $300M with only 8.4% dilution using 3-yr fixed convertibles at $124 (around the current share price). Yet their share price was only one-tenth of that, two and a half years ago. This shows what is possible...
So I'm relaxed and ready for Lev, Carl, and the gang to bring us home in the best way possible...(and without a LITH-like 50% dilution, thank you). I'm comfortable that with the product and production capability they have coming online already this quarter, they can swing financing on much better terms by waiting a bit. There are still untapped loan sources and unexercised warrants available, and I'm confident that they could arrange further debt financing. But I'd rather not see it, if they can arrange a secondary instead, as Lev hinted was his plan. Since he's a major shareholder, his actions in this matter directly parallel our interests. |
