Complete nonsense.
LGCY continues to easily meet their pricing requirements to maintain their listing. Claims to the contrary are ignorant.
They are not baked in toxic debt. That is also a complete fabrication that anyone can verify for themselves.
LGCY has a simple rotating credit facility and loan arrangements that allow for them to borrow and repay those funds as needed.
They have $100,000,000 in available credit that they have yet to borrow and are having no problems meeting their interest or royalty payments.
Those are also facts.
They have actually repaid some of their previous borrowed capital as of late.
As far as the history of JCDS and LGCY, I will refer you back to what has already been explained.
The growth of Legacy Reserves since becoming a JCDS client was undeniable.
When looking at the PPS at chart sites like stockcharts.com and profitspi.com, they show LGCY price appreciation from $15.50 to a high of about $27 before $WTIC fell in late 2014. I would consider that to be growth since they became a JCDS client.
Using the historical data from nasdaq.com that you are linking to, they show LGCY price appreciation from $25 to a high of over $32 before $WTIC fell in late 2014. I would also consider that to be growth since they became a JCDS client.
Either scenario clearly shows growth in the LGCY PPS since becoming a JCDS client until $WTIC prices fell in late 2014.
During that time, LGCY saw also growth in their acquisitions.
They saw growth in their reserves.
They saw growth in their production.
They saw growth in their revenues.
They saw growth in their dividends and at one point, LGCY shareholders enjoyed the largest percentage dividend yield on the entire NASDAQ.
Anyone who continues to claim that LGCY didn’t see growth after becoming a JCDS client on Oct. 11 2010 is either posting false information or ignorant of the facts.
If people dont understand the content of this post, let me know. I am not sure if I can dumb it down any further, but would be willing to try so that everyone understands the actual facts that are available.
LOL, IMO and FWIW.
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