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Re: mikethespike post# 34416

Wednesday, 10/06/2010 4:25:56 AM

Wednesday, October 06, 2010 4:25:56 AM

Post# of 35633
Hind site is 20/20 spike. And the 10K you took off near the top are the best sells that anyone on this board has laid claim to.

FWIW, when this hit 2.39, the ducks all appeared to be in a row. The CSMG team at that time was experienced and robust- to have Frank D and Richard A on board was beyond any expectation that I had for LTC at that time- with guys and connections like that, why would you sell? I held 100k myself and was thinking about a sale price north of 7$ a pop. The risk/reward ratio didn't seem so foreboding at the time. The rest, as they say........

Of course Frank and Richard's actual relationship to and participation in the company was never made explicit; to this day, we don't know what happened with those guys, other than they faded away.

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