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Posts | 2870 |
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Alias Born | 12/06/2003 |
Thursday, July 19, 2018 9:47:10 AM
This is the kind of defeatist hogwash that nearly destroyed LWLG years ago, according to reports on this board the last day or two.
Apparently a predecessor or newly minted LWLG had shareholders reject a proposal to issue more shares and then tried to market its polymers needing lots of work.
"Let's scrap this aeroplane we can't get in the air," Ollie might have said to Wilbur, "and stick to bicycles that we can sell."
Good thing they stuck with the aeroplane and even took people like my father's neighbors on rides in county fairs.
There are reasons America was able to build the greatest economic engine ever on the planet and one of those reasons is public corporations.
Terry if company X offered $100 per share today would you not take it?
I once refused to sell even after a company was swallowed up by a competitor and eventually years later my broker sold my shares without asking.
I would sell only when I had no choice or when LWLG got another atrocity like The Admiral as CEO, replacing Lebby.
I expect the widow and orphans would have to make such decisions.
Best, Terry
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