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Re: Potse post# 4011

Thursday, 11/17/2022 7:13:20 PM

Thursday, November 17, 2022 7:13:20 PM

Post# of 4496
STJO/LFLS...added to positions......

STJO(.104): Picked up some more shares today, following the updates to the OTC Markets profile page. Management seems to be picking up the pace a little bit with regards to getting things updated. Legacy share valuation is under $1.4M at the current price. Just have a feeling this is going to move nicely at some point.

LFLS(.0799): Picked up some more shares of LFLS today. Currently averaged in under 5.6 cents per share. I first noticed it when Traderfan mentioned it over on Twitter after LFLS issued a press release on November 1. I'm somewhat surprised this stock has not been getting more attention. Unless I am really off on my analysis, this potential shell looks extremely attractive on a structural/fundamental basis.

Based on my understanding/interpretation of the press release, it looks like the CEO/insiders intend to sell more than 48M of their existing shares to a RM candidate. That would leave a legacy share count of less than 10M shares. Assuming there are no overly negative changes to that plan, LFLS certainly looks like a very compelling investment at these sub-.10 levels.

I added some shares today after noticing the float update yesterday showed an increase of around 3.2M shares. This is purely a guess on my part (after looking at the management/insider ownership table in the last quarterly report), but that float update suggests to me the possibility that the 621K investment club shares may have been distributed and two of the directors ( Daniela Haynie and Marc Phelps) may have been removed. Combined, the investment club shares and the director positions are roughly 3.2M shares.