Tuesday, December 02, 2014 10:48:19 AM
Unlike the majority of companies out there that are either a pipe dream or in the business of selling stock to be paid a salary, we can see just what this CEO has done with the monies raised.
If we only want to judge a company on the success of its stock then it shouldn't matter what the company does. I recently saw a PR from an alternative energy company that hasn't generated a penny of revenues in 12 years, has a negative balance sheet, horrible debt and convertible notes. The stock is up 300% on the bogus news.
Are we really going to say that this is how we should interpret a successful company just because the stock is up?
I don't invest in company's based on price (unless the stock is already overvalued) I buy them based on operations, corporate infrastructure and potential growth.
That is what separates LTNC from the real garbage trading out there in the OTC. At some point in time, this stock will trade in parity with the companys operations.
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