micah211099: Thanks for superb summary. Still no audit?! Only to iterate that the need for funding trumps all when survival of a firm-on-the-brink is at stake. That scenario spells dilution, likely significant dilution, however the form it may take (convertible debentures, private placements, PIPEs, e.g.) That Aegis Capital threw up the sponge on funding LTC telegraphs a hard road ahead. The folks at Aegis Capital, lately from Empire/JLSC, were LTC's biggest supporters. No funder in this economy will accept meager terms. My sense is that existing ordinary shareholders will be thrown under omnibus in order to keep IP from auction block or forfeiture and in friendly hands that will work it. The managers and directors will carve a niche for themselves in the new incarnation. No reason to buy here. No confidence in management. Far too much uncertainty expressed in call and heightened potential of good money chasing bad. The longer the entity goes unfunded and unresolved, the more irreversible the damage.
My opinions only. Others will of course do as they see fit.
ctgi
These are my opinions and sentiments. Buying stocks poses demonstrable risks; you could lose all or part of your principal investment. Use iBoxes for DD start.
Buying gold won't save your soul, but it might save your skin someday.
