10M Shares at RS of 10K to 1 share price of .0001 = 1000 shares
Assuming an average share cost of .0003 if one chose to average down (which was really average to nothing) would make it 3K cost for that 1000 shares. In order to break even LCRE would have to get to 3.00 PPS just to get back to where one was prior to the RS. If I recall Jim's forecast prior to the RS was .004 or something like that for a return on this investment (laughable).
If one believes this is going to be successful then one should continue to average down. I do not believe in the integrity of the company's CEO and know that false and misleading information was put out by him to keep investors buying shares up until the RS which was also supposed to not occur until LCRE profitability.
Good luck with any who continue to invest here - it is an extreme risk at this point and it is my opinion based on my experience with LCRE that this is a very bad investment.
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