I think the structure of the deal is very commonplace and I was perfectly satisfied with it...
Look at it from this perspective...
We now know the company is real...you don't get your hands on that kind of money if you are not...
We now know the company is funded for closing and rehabiltation of the the berlin plant...
We know they are in a hot sector of green energy...
We know many folks bought a ton of shares in the .000 range...it is natural for the profit taking to occur..
However, smart money would have let the run get going and sold into strength...this could have have easily been a 200 million share day with news highs, had the bidwhacking not got started...
Chartwise, this is still an excellent play...but will take longer to develop...
All that being said...I am confident that LLEG will be making elctricity in the future...I realize it will be down the road...
We should now start receiving regular updates on the progression...as permits are granted and as rehabilitiation starts...
This will be a long term growth play, that if treated properly will make a lot of people a lot of money...
I think everyone needs to take a breath and let the company show us what they are made of...
each step now will start to give us better ideas of where we are headed...
Too many folks have missed out on excellent plays by getting skittish at the first sign of resistance...
I for one, am happy to let this develop...
Also keeop in mind, that while this is a pinksheet comapany, they are also a utility, and thereby fall under federal regulation of the DPUC...
I would say there is nothing to worry about here at all...
Monkish
It's a gift...and a curse...