InvestorsHub Logo
Followers 30
Posts 3404
Boards Moderated 0
Alias Born 07/25/2016

Re: rige post# 102037

Sunday, 11/27/2016 5:14:45 PM

Sunday, November 27, 2016 5:14:45 PM

Post# of 232913
Rige, he's a capitalist pig. Good for him. An ideal financial life is a Capitalist/Communist. He's already a billionaire. He is restricted on Eon stock sales by the Chinese govt. Strong rumor has it that he wants to uplist and doesn't want to hear no. He wants to make money on the stock and a billionaire is probably not looking to make just 63 mill. He could always do what you're talking about, but will the other 400 mill shs accept a double? I wouldn't. Plus, his appointments just filed their Form 3's, so especially Carrubba, wants to cash out BIG.

I understand your reservations and hesitancy, but Lugee puts in 63 mill and the first thing that happens is one of these predatory financiers from 2013 says pay us 750K because you guys never said the financing relationship was over. If I was Lugee, that would piss me off something fierce that I put in 63 mill and more than 1%, or 1 month of SG&A, has to be paid out because someone didn't send a termination letter.

My position is we didn't see any real increase in valuation until Lugee bought in, unless you're one of those brilliant (aka FOS Longs) who claims they're up 100% when they were caught in lies before and threw vile, vulgar, hissy fits about being called out on it.

I am guarded and cautiously optimistic, nothing more, until we hear, or see (prefer the black and white numbers) more.


Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent LQMT News