Couldn't even execute a reverse right
OK so this is funny.
You reverse your existing shareholders into oblivion.
You bring in a business to what is supposed to be a (now) clean shell.
And....
The price swings look like the waves in The Perfect Storm.
No continuity, no volume and as we will find out, not such a clean shell.
I posted at least 25x posts laying out the alternatives for the company, a shell was not really one of them.
WHY?
Because after the antics of PRINGLE and Co. this shell (LIBE) could NEVER really be sanitized. That will be born out in the coming days.
Watch what happens. Shareholder recourse? Not for pre reverse LIBE'rs NOPE.
That bridge was crossed many moons back.
There may be one benefit, as you watch this unfold, and its NOT going to be what you expect, the lesson learned will be to exercise your rights when you have them, OR don't complain.
But with such small (aggregate) investments no one component will challenge management, and they know it.
Well played by Brian--except he forgot on IMPORTANT fact.
That's about to rear its ugly head.
Sorry you guys got burnt, nature of the sub pinks.
