Anyhow... LEGE was around .45 then, so I got in and out for some free shares on the pump. I've been burned on that guys picks before, so I tend to be quick to take gains when they are toppy charts pushed by paid 3rd party promoters.
The co. has been really quiet...but you know how these china plays are...no news is not always bad news...things could be fine and nobody knows it yet. Maybe they aren't pushing the stock because they don't need equity based financing? That's the positive spin I guess.
I haven't put a lot of money in, but I'm probably done now after getting some more at .03. Worst case is a modest loss, but with the quantity of china plays I'm in, I have to expect some to not work out.
Still, the business model should be working. Radio stations, advertising...all an important part of the growing middle class in China. Back when I first got in, people were posting about $10 share price targets! $3 would be a 100 bagger from here. CHGY is the only one I can think of that has been a 100 bagger+ from low to high...I got a 20 bagger on some freebie shares...not big money but I know it can happen. I'd love for some of these cheapies to do just that.
The drift down from around .20+ has been slow and on very light volume...small money flow. Odd, but encouraging. There are several fallen angels that I've taken low priced shares on...just in case. CHFI, CDBT are a few of several. Hope lightning strikes and a perfect storm to the upside...it'll only take a few to do so and all will be well.
Have you seen what SHZ did today and in AH! BPAC was nice too...
Hopefully LEGEE loses the E and at least lets us know the doors are open, bills are paid and the business plan is in effect etc...minimal communication could quadruple the share price perhaps?!?
3 year weekly...
http://stockcharts.com/h-sc/ui?s=LEGEE&p=W&yr=3&mn=0&dy=0&id=p72486070309
Less than 3 years ago, this was a $5ish stock?!?! Can it get back to .25? If so, I'd take capital back out and let the free shares ride...who knows...maybe in 5 years, 10K shares could become real money...at effectively zero cost basis, that would be nice.
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