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Sunday, January 23, 2011 8:19:45 PM
LLEN - When LLEN have had problems Redchip, frankly, look panicky in the first dive it was "Shorts will rue the day PR..." then redchip encourage the quick hiring of the CFA (or something or other guy) and then the we will review auditor in 3 Months. LLEN I think have got rid of the CFA and certainly we've had no review. It just looked a bit of an ugly panic.
Then Redchip touted LLEN without, it seems, disclosing their interest causing more bad press.
Redchip are the poster child for IR for reverse mergers. They are going to be put under the spotlight - hence why CNBC article ended up targeting redchip and not reverse mergers. I don't think it's a bad idea for LLEN and Redchip to go their separate ways.
LLEN have the obvious struggle with the shorts at the moment and I just don't see how Redchip can help now. They've done quite enough already.
rich
Then Redchip touted LLEN without, it seems, disclosing their interest causing more bad press.
Redchip are the poster child for IR for reverse mergers. They are going to be put under the spotlight - hence why CNBC article ended up targeting redchip and not reverse mergers. I don't think it's a bad idea for LLEN and Redchip to go their separate ways.
LLEN have the obvious struggle with the shorts at the moment and I just don't see how Redchip can help now. They've done quite enough already.
rich
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