Re: "For all we know, LTC could already be 2nd stage funded and it just hasn't been PR'd yet."
"It was mentioned that other acquisitions are on the table, and I hardly think Bruce would have said that if he didn't see money available." (lowman)
"He (Mr. Jones) said he's had a PR ready for a month now, but odd to me, is still holding it back." (lowman)
In connecting these dots, a few thoughts arise:
Mr. K. Bruce Jones is CSMG Chief Financial Officer. He holds an M.B.A. and, by all accounts, oversees the LTC deal. It's quite unlikely he would not have known about Jesup Lamont's regulatory and financial difficulties that emerged months ago if not longer. If Jesup Lamont's performance in executing the bridge loan were in jeopardy, why then would Mr. Jones have continued dealing with them let alone write a PR in advance? A probable answer could be, as you suggest, that the LTC deal is in a latter stage of funding and that money has already been committed pending an audit. If that scenario is the case, then what of the deal? If JLI returns to condition of financial compliance, the LTC deal can go forward. If JLI fails financial compliance, the deal can be passed to another entity.
Thoughts?
These are only my opinions and sentiments, not an endorsement to buy or sell anything. Buying stocks is risky; you could lose all of your investment. Always do your DD.
Buying gold won't save your soul, but it could save your skin one day.
