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Re: riverandfold post# 30391

Thursday, 06/24/2010 3:10:52 PM

Thursday, June 24, 2010 3:10:52 PM

Post# of 44027
Email this morning from Dr. Jim Morris:

Just to clear the air on a few postings I have seen today, here are a few facts:

1. The stock promoter and stock awareness people were paid 100% in cash. They received no stock for their services.
2. I have talked to all the 504 investors. They have assured me that they are not selling today and intend to hold their shares for a while.
3. Management is not selling shares. Our shares are all restricted.

LCRE shares cannot be bought through ScottTrade, whether through brokers or online, because LCRE has an NSCC illiquid charge against it. I am not sure this can be fixed easily, but we are looking at it.

Let's face it. The selling today at $0.0005 must be simply profit-taking by existing shareholders, not management, not stock promoters, and not 504 investors. Can't be anything else.

Jim




"An idealist is one who, on noticing that a rose smells better than a cabbage, concludes that it will also make better soup."

-- H. L. Mencken

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