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The person I feel most badly for is Secolton. That's a shame.
:)
Gotcha
Hang on Secolton, the MMs are just manipulating this to steal our shares
Secolton, how about those market makers? LOL
I sure hope today's 24K shares was Secolton loading up.
It's going to be back above a buck when the smoke clears... They're playing games with the price to shake out all the loose hands. This is just greedy manipulation. Company is doing jussssssst fine! Will be reporting again soon.
Are you loading up on LCCI? I'm manipulating the price lower, you have to LOAD UP on these cheap shares while I can still manage to keep the price down. Believe me, once investors find out what's really happening at LCC, this is gonna be a 50 bagger. And only you were smart enough to see through my market manipulation. Kudos! Load up Sec!
Sec, I'm glad to hear you're loading up on LCCI. Please buy as much as you possibly can. Borrow from friends and family, seriously. The company is about to announce the real reason for the ceased reporting, public silence, and stock delisting. You're going to be blown away. It's because something great happened. LOAD UP NOW.
Greedy MMs are keeping the volume down so they can buy our shares. Just like they took the price down. Right Secolton?
wow...
So much for "patience," right? LOL It's not market makers, it's people selling the stock. This is not a conspiracy. We're not victims. We're speculators. Some of us just handle risk more maturely than others.
There's no crying in speculating....!
Awww you didn't put your wink at the end! How do we know you didn't just post that because you had nothing insightful to say but want to look like you "know" a pop is coming? I mean, it IS "gonna get real interesting", right? ;) psuedo-sly wink
Will, you're in denial. That's fine, and God bless, but your incoherent posts and "sly" winks are a lame substitute for first-hand info and sober assessments. Just doing my part for the board.
please resume the posts... incoherent?... me thinks they're not done yet ;)
Keep digging. "Second-hand" information? What's first-hand? Better stick to your winking ;)
Um, no, you didn't get it. He ignored what the guy SAID, not my post. Re-read what my contact said.
And I can't correct what you ignored? Try to relax a bit. ;)
Yes, disregard what he said. Sales are actually increasing and staffing is as well. Thanks for getting me serious. Won't post any more of what he tells me.
LOL, Sec, what happened to your ignore button?
Hope this doesn't mean you'll stop that bizarre "knowing" wink. Ahaaahaaa. Ahaaaha. Ahh...
Bad news from one of my LCC contacts. AR is shooting up, company is tanking deeper. (Clients are struggling too.) He has not heard about any sale of the company, no rumours. Morale is bad, engineers are still leaving (been that way for three years now), getting jobs with clients where they can, or going out on their own. Clearwire stuff is way below plan and years behind. He's leaving LCC.
Any more winks for the board, Will? ;)
LCC has gotten token Clearwire business in the past, let's hope it's ramping up now. We also have to hope the company is cash flowing its a monstrous debt load.
You've got a gift for conspiracy theories, but you're a little slow on reason and sarcasm.
At least you've stopped the whining. Keep it up.
Only those strange people who like to hold stocks in companies that have equity on their balance sheets, make money, report financials, and keep their shareholders informed. You know, the loonies.
Yikes.
LCC's intention was to get current on their filings to move their stock listing up from Pinks to the OTCBB. That is clearly not going to happen now. The company has given up trying to get current.
The reason for the sell-off is that, with this announcement, investors are now sure there is no hope of relisting, and furthermore are not sure if LCC is going to file financials at all anymore (Note: the company would still have to produce audited financials for BoA to meet non-financial loan covenants, but would not have to release them publicly.)
LCC could have said in the PR that they intend to continue reporting (but not filing), but did not.
Bad management.
Those dern market makers... Always "manipulating" LOL
Secolton is convinced the market is a conspiracy of greed and manipulation. He's convinced of that because he loses money - which, considering someone who would risk money in a game he's convinced is "rigged", would make that person doubley foolish.
Stocks are inherently risky, and LCCI is VERY risky. The company's financial situation continued to deteriorate and many folks have sold out as the share price plummeted. I'll hold on in case it recovers since I can afford the loss anyway. The Q3 numbers are critical since their current trajectory is Chapter 11.
I'm fraudulant. I don't have any reliabe source for the TruePosition contract margin (I lied about personally knowing two LCC employees), and LCC is under no immediate threat of solvency, which would be "boring" to shareholders it were anyway.
I don't have any shares. If I did, I would have sold them since they're so liquid and there's no hope at all for recovering any value anyway. Sorry for wasting your time Will.
The water you're "offering" is muddy and could be poisoned, Will. While you're showing others to the trough, are you drinking it yourself? How much have you bought in the last 3 months?
LCC is in the wireless business and the wireless business still has promise. But the salient fact remains, this company has assumed an unsustainable debt load so unless it cash flowed in Q3, it's going to have to go into Chapter 11, and from the Q2 balance sheet I can tell you we shareholders will get wiped out. The bond holders would be kicked down to equity if DIP can be secured (and that's a big "if" in this environment.) We'd know by now except the Q3 financials are delayed. Again.
That's why the stock is in the cellar. That's why there's more sellers than buyers.
If Q3 was good, we'll see improvement in the stock price. If it wasn't, our investment's gone.
I had to post this to offest your pumping. Please resume.
That's what happens when no one (literally, no one) is buying. If Q3 financials get released and has good news of solid revenues and positive cash flow, the stock will go up, because demand for it will return.
Until then, this is a company with serious solvency and reporting problems and the stock will trade accordingly.
Unfortunately the TruePosition contract is for low gross margin (10%) subcontract work. (LCC needs over margins over 205% to cashflow.) Kenny Young used to work for TruePosition. He "bought" the revenue, as they say in the consulting biz.
Some sober, experienced insight! You rock King. LCC's customers are experiencing financial troubles and this business has been in a multi-year downward trend, so hopes that it has reversed have been a bit dashed with the latest global economic news. We have to pray for a upside Q3 surprise here. Outsourcing is usually a cost-saving measure, but LCC has had no luck winning a major Western outsourcing contract, as much as they talk about trying to. It's nice that they have contracts in the Middle East, but that still only accounts for less than 25% of revenues.
Looking forward to the Q3 numbers, hoping they'll be good.
Sure they are. Secolton's getting an education!
:) Don't cry Sec or take it personally. Here, below are some of your foolish posts from just from the past few days. Do you see why you're not taken seriously?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33354965
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33337049
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33326238
Watch.
??? Oh brother
Waaaahhhh.... Sec, have to grow a pair of balls or something
When you wrote "they", you meant the market, not the company. Yes, the market does not expect a good Q3. When a company can't release financials on time and doesn't keep its shareholders informed of why and when, shareholder worry. And they sell.
On the Yahoo board they are calling for Salamone's head.
Gotta go
You wrote: "They didn't have a good q3, apparently. At least, they didn't expect to. But that quarter ended three weeks ago..eh?"
"Q3" is wrong. They have not given earnings guidance on Q3 yet, so there are no expectations of a bad Q3. There ARE, however, expectations of a bad Q2. They have guided on that.
No, you're wrong. Q2 was supposed to be a loss. They've given only a revenue range and cost-cutting guidance for Q3.
I read through mzobian's posts and the guy's obviously a banker. He says he is a commercial banker (not an investment banker). I've gone through his messages, and he's following LCCI very closely. The posts are terrific.
Salamone's an incompetent a-hole, but I shouldn've have said that to him. He already knew it. In all seriousness, he's retiring soon. That's the rumor at LCC, according an RF engineer who works there. There are quite a few pissed off employees there who are also shareholders, including my contact.
I haven't read anything informative on this board, it's just all typical messageboard trash about "corrupt market makers stealing shares." Disappointing.