I reread the recent news release again and frankly, it's a bit mystifying. Just what is a "Spin-out?" It's not exactly a legal term. Does this mean we will own 4 LONES, or LONE will be a holding company for a variety of active companies? Last thing I need is more paper to plaster on my walls.
Be that as it may, what I really come away with is that these people are serious about making LONE have value - Not just another b*lls**t OTC:BB stock in other words. And that's my point, if LONE is ever going to be a player, its got to move off the BB and onto a legitimate exchange.
Years ago, Brent talked about making a few acquisitions, getting the stock price up and moving onto the NASDAQ. I believe qualifying for a real stock exchange remains a priority to LONE. And I wonder if the talk about a group of investors loaning LONE $$ or possibly buying shares of LONE is a hint that they are going to buy up shares until the price holds at a NASDAQ qualifying level.
I think that level is $5/share, but maybe someone else can verify this. I recall that when things looked rosy a few years back, LONE sold for over $4. Is $5 such a stretch once the lawsuits are settled?
Actually, all LONE has to do is demonstrate they have some cash and then announce that they will buy back shares in the open market that are selling for less than a target price. If it believed LONE would follow through, the market would respond immediately by pricing the stock at this level. LONE would have to expend very little cash for a big boost in capitalization.
LONE at $5 . . . that would be cool.
Please everyone, its a nice dream, don't wake me up.
Bobb |
