Littlefield Corp (LTFD)

[Joe Master]

The $180K is not really material because if they had done as you say and reserved for the worst case they would have been over accrued by a million. That would have hurt the stock price worse in the eman time. They had two options to try and settle with Collins estate or appeal to the Supreme Court of the US. They chose to negotiate (and hold the threat of an appeal over the estates head since that is the only cards they really held). Collins estate was better off to comprimise because they could reduce their cost and thus they did. We made a guess as to where the costs would be and they did a pretty good job of picking something ion the middle where a likely settlement would come down. This is such an imprecise science that anything not at one end of the spectrum or the other has to be judged as doing the job ok. Belive me if you read the Yahoo board I have been critical of management moves in the recent past. In this case I think they did just fine.

The float is a huge problem. There is no waty to attract bigger investor if the float and the number of shares traded is too low. That is a real continuing problem for LTFD. Jeff buying more shares does not help this particular problem.