Lecere Corporation (fka LCRE)

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This recent volume was greater than the multi-billion volume on the run to .002 (from .0002) last spring.

 
 biomanbaba Member Profile biomanbaba Member Level Share Wednesday, May 12, 2010 6:25:15 PM 
 Re: None Post # of 40090 
 CEO Jim Morris answers "dilution" critics 
  
 I saw this posted today: "So $1 million dollars in capital is the limit in one year? Jim has already  
 cashed $600,000 this year. That leaves $400,000 left to dilute. Does anyone not see why this will  
 drop further once Jim dilutes more?". 
  
  
 There are are two things I would like to say, and you can post this on the forum if you wish. 
  
  
 1. Lecere sold about 1.2 billion 504 shares right into the lastest run-up in share price.  
 The 504 investors are not evil people or stupid people. They want to trades shares in such a  
 way that they will make as much money as they can for themselves. The best way to do that is to  
 trade their free-trading stock in such a way that it not only does not decrease the stock price,  
 but actually might make it go up a little bit. It is not a given that dilution will automatically  
 result in a stock price going down. 
  
  
 2. Lecere has about $1.4 million additional cash that can be raised, because the second year  
 starts at the time we would raise $1 million. However, this does not mean that Lecere will ever  
 need to raise that much 504 money. It is my hope that private placement investment for restricted  
 stock will take over for 504 investments in the next few months, and then maybe profitability in  
 the next year or so. 
  
  
 Jim Morris