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Monday, October 27, 2014 9:33:21 AM
DD2Gain
I've heard it before. He'll, I used to make the same arguments for LTNC back when it was near .80, toxic debt was a fraction of what it is today, there was no tax delinquency, and the company was actually paying off notes.
Is that a fact? Well, I find this statement QUITE IMPOSSIBLE!
Why? Well, because when LTNC was trading near .80 cents a share they had zero tax liabilities and only had one convertible note for $110,000. So, I don't know how they were paying off notes that didn't exist!
If we are going to make statements let's make sure that we are accurate. It is far better to speak the truth than to just plain making something up!
FYI - Last year in 2013, LTNC paid off 90% of their convertible notes.
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