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The LDTI information has been there for a

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gitonwithit   Wednesday, 06/06/07 11:13:18 AM
Re: None
Post # of 79917 
The LDTI information has been there for a while, but Paul has been around since 1978 and there is some reason for the purchase. Now what I'm about to write is ALL speculation so please don't buy or sell based on it, it's just food for thought.

LDTI is highly illiquid so I doubt he bought into it as an investment. Pretty hard to get rid of that many shares.

On the other hand, LDTI is listed as an OTC security so what if they were to merge? Wouldn't they or couldn't they change the LDTI and assume the .ob suffix? LDTI market cap is less than a million but they have 2 million in debt. An .ob suffix would enable them to reach a much broader shareholder base and I'm sure a 1700 acre pit is going to take a relatively significant capital investment to produce a proper return on the purchase price, whatever it was. I would guess than an .ob listed company would have many more sources at much better rates than a .pk company in terms of captital needs. Maybe they could use the two million in tax loss carryforwards or something, maybe not, I'm no CPA.

It seems a far stretch, but somewhere hidden in all this there must be some other reason for the purchase other than pps appreciation. Anybody care to try to figure it out while we're just waiting around here for the financials?

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