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Re: NobleRoman post# 5837

Tuesday, 09/08/2020 11:38:43 PM

Tuesday, September 08, 2020 11:38:43 PM

Post# of 6773
Some retrospect.

But first, Emerald, thanks for your input. My "buyer beware" is not a skull and crossbones. It's just, beware. I have juxtaposed it on good financials for balance. I don't like the trend and I'm concerned.

I've been happy today with LUB. That's an example of a "toxic" company that doesn't dilute. In the post I'm reponding to, I said this:

Luby's doesn't really count at .65, even though I have 12,000 shares there. They are there cause of CV19. They are a victim of circumstance. So they are my 5th penny that is a penny but isn't. Kinda like Vincente Fox. He is but he isn't. If you understand Fox, you can understand Luby's.

Boom. Mr. Market faces reality again:

https://seekingalpha.com/instablog/173382-mark-krieger/5495025-lubys-skyrockets-much-to-come

And today, the stock is up at $2.12 with over 160 million shares traded. And the reason is because they DON'T DILLUTE. They are liquidating, and they are going pay out to shareholders. Expected to be anywhere from $3 to $4 per share, unless a buyer comes with a better offer. Now, if they had been slicing me down all that time, I might have gone from .65 cents to 6 cents on the same news. Luby's bought Fuddruckers, and they've struggled. But at no time evver did they find the need to dilute shareholders. So, I don't want excuses. I just want results. I won't be selling a single share there until the final conclusion. Those 12,000 shares that were worth $7,000 or so at the time of this time-stamped post are now worth over $24,000. And I expect $36,000 when it's over at minimum. I can trust them. It may take one or two years, but I can trust them.

Just like our insiders, those insiders are heavily invested. They don't have anti-dillutive clauses. Well, they do have a poison pill, but that's a defensive maneuver. And they don't them dillute themselves, and they don't dillute others. Although, that would have been an easy way to navigate their woes. That's a harder business over there. Razor thin margins. But over here, BUYER BEWARE. I can't be sure there isn't shennannigans going on over here. They sidestep the questions, which is a valid concern. Like politicians. And cherry pickign data. That's not how you earn trust. Just speak the truth! Get up there on a reputable news station like CNBC and SPEAK THE TRUTH and don't avoid questions.

Now, I've vented. That's why I'm going to sell half my HLIX for free shares if all goes as planned because I can't trust. I can trust Luby's. I cant trust HLIX. Just do the right thing in life. This whole industry is crawling with shady characters over here it seems. Everybody out for themselves. A bunch of jack #$@es falling over themselves, trying to get to the exit door first. Maybe a lot of them came from frontier markets where that is proper etiquette. I don't know. Just serve your shareholders.

The BOD at Luby's got frustrated to the point where they said enough is enough. Tired of waiting. They had an activist investor. An attempted coup d' etat. I don't want people to get too confortable and forget who they serve in this world. Because if you are serving yourself, you're in the wrong business. Adn you don't deserve my respect or patronage. I guess in short, it comes down to corporate GOVERNANCE. That's what's lacking. Have a BOD, one of them is on the fringe. The other, lost in Mexico somewhere. He is but he isn't. One of them dealing out toxic financing for growth. I mean, #$#@. Get your act together, Helix!

Just show me the money. And all will be good.

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