Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
From LCRE website:
LECERE CORPORATION
920 SW Third Avenue
Portland, Oregon 97204
503-954-5754
_________________
NOTICE OF SPECIAL MEETING OF SHAREHOLDERS
To Be Held September 21, 2009
To the Shareholders of Lecere Corporation:
A Special Meeting of the Shareholders of Lecere Corporation will be held at 920 SW Third Avenue, Portland, OR 97204, on Monday, September 21, 2009, at 3:00 PM, local time, for the following purpose:
To Amend the Articles of Incorporation to read as follows:
“ARTICLE III
The aggregate number of shares that the Corporation has authority to issue is 6,000,000,000. The shares are classified in two classes, consisting of 1,000,000,000 shares of Preferred Stock, $.20 par value per share, and 5,000,000,000 shares of Common Stock, par value of $.01 per share. The Board of Directors is authorized to establish one or more series of Preferred Stock, setting forth the designation of each such series, and fixing the relative rights and preferences of each such series.
The amendment of these Amended and Restated Articles of Incorporation providing for the increase of shares of capital stock, classified in two classes, consisting of 1,000,000,000 shares of Preferred Stock, $.20 par value, and 5,000,000,000 shares of Common Stock, $.01 par value per share, has been adopted in accordance with the requirements of, and pursuant to, Chapter 302A of the Minnesota Statues.
Such increase is being affected on the date of the shareholder meeting to approve this amendment, and the authorized capital stock of the Corporation shall be increased as set forth above.”
The Board of Directors has fixed the close of business on September 4, 2009, as the record date for determination of shareholders entitled to notice of and to vote at the meeting.
YOU ARE CORDIALLY INVITED TO ATTEND THE MEETING. THE AFFIRMATIVE VOTE OF AT LEAST A MAJORITY OF THE OUTSTANDING SHARES OF COMPANY COMMON STOCK IS REQUIRED FOR THE APPROVAL OF THE AMENDMENT.
By Order of the Board of Directors,
James B. Morris
CEO and Chairman
September 4, 2009
Prolly not Swee tho. And who bought 7.9 mil on thursday? Interesting how ntni issued a statement about no news coming. Not lcre. HMMMMM. Time will tell. This could easily climb high in the afternoon.
No. Not even close with the volume he has. And if you (and it certainly wasn't me) didn't pick up those shares today, my guess is those folks he mentioned who missed the boat on the other deals might be very happy to pick up such volume at a steal. I am not worried and have full confidence in Dr. Morris. Cream rises.
I took the .008 today. Had some spare change, I mean really spare change and a free trade ready to expire so I took it down. At these prices, why not?
For me as well. I'm happily suspicious of the lack of communication and look forward to successful financing and a sweee-t return.
Deano,
Have you heard from Dr. Morris lately?
Lecere has been rather quiet lately, and with Swee's hiatus, my guess can only be that you are right Deano, and that financing is getting "firmed up". I'm hoping for a bountiful June.
It cannot be long now.
Hello everyone,
Received an email from Dr. Morris and he says they made "lots of good progress last week". GLTA!
That's weird Deano- I know the first-timer got that last batch through discount broker. very small batch tho, maybe that's the reason you're not getting filled.
It is a great Bio. Mr. Elder's info has been up for a few weeks. There are 3 more bio's coming...equal to if not more impressive. (no offense Stew). You'll see them pop up on the website - which will be a sign of necessary funding coming in.
Caveat Emptor Removal
The caveat emptor has been removed from the pinksheets! It has been changed to the "no information" tier. I believe Lecere will continue to be upgraded over time. This team has too much intelligence and experience. Go Lecere!
No, not exactly. What they do want is their fee. Until then the red flag stays up. But it won't be up for long.
This is from an email I received today from Dr. Morris.
"...our goal at Lecere is, like countless other technology startups in the past twenty-odd years, to build a very large company with a very large market cap in 5-7 years, and not some kind of a slimy, make-a-quick-buck operation. In other words, our goal is the same as any venture capital-funded business: work hard and work smart to return large multiples for investors who are willing to take a risk on us and give us time to do our thing."
I like this CEO at the helm...how about the rest of you?
I think any shareholder is going to be very happy with this company both short and long term.
Let's try this again tomorrow.
and that seven mil is restricted, which usually means six mths. And hell, at a penny, that's quite a deal if we see five to ten cents. Those guys get a multibagger in a good company. This team and its ceo seem to be top notch.
Private placement memo prolly done by end of week. News on that likely monday. 7 mil raised in few weeks, team to start up when half capital is in. We'll get updates on the progress. GLTA!
News tomorrow through businesswire.
I don't know... I think I'll wait for the press release either tomorrow or friday. It's not that hard to raise 5-7 mil.
Sorry Deano, I thought the original was 85/15. Regarding the pipe price, I would think some kind of news is coming to boost the post r/s above .01 to entice pipe investors that they're getting a deal.
yes, it was approved as well. there is a new r/s at 20 to 1 with the new pipe coming in at .01
Got an email from Jim Morris about the meeting. Reverse split approved. Then the meeting adjourned. Have to say I'm very happy how quickly the new CEO replies to emails. He seems very excited to get going.
Rather large volume today for this stock and 4 cents up ahead of quarterly report...if it gets filed on time. But could mean this baby is up to something. Maybe those two new windmills are almost done. Aside from that, doesn't look like much until those development interests convert to equity next year.
Just some info from Dr. Morris I received via email in case anyone cares about the private placement:
"The private placement will attempt to raise $5-7 million. Restricted stock will be sold only to accredited investors (those with $1 million or more of assets). The minimum investment per investor is $100,000. We hope to have a private placement memorandum completed and ready for investors within four weeks at the latest."
Note the mention of "restricted stock". I like that.
Personally, I think in these difficult economic times, either a long time holder needed the cash and saw the opportunity on the run-up to get out, or maybe they're looking at short to long-term opportunities in other stocks with more immediate potential upsides, like lectec, for example.