Accredited Solutions Inc (ASII)

[tomasviejo]

This company (LSTG) really should be allowed to die. I thought it had potential early on. Not any more. I don't think Channeland Entertainment has the skills, the capital, or the determination to save it. I don't think they intend to try.

I think Channeland sees LSTG as a way to access the public financial markets, nothing more. I don't believe for an instant that they intend, or ever intended to "monetize the Mexican properties." They don't have the right kind of people, and they don't seem to have access to the capital that would take. They're a very small music production company, not miners.

The kindest thing I can say about LSTG and its management is that the management was incompetent and the company was under capitalized from the beginning. Far worse, I think the company's management deliberately misled investors for over a year about the progress of its business in Mexico. I think it did this in a misguided and desperate attempt to support its stock price to better position it to raise capital in cash for (deeply discounted) equity deals. That doesn't make it OK. I think Mr. Ferris should be held personally accountable for that. He's the guy who signed the false reports.