Thank you....but what I think is probably no more valuable than any body else's opinion on this board.
Why?
Because we are all reading the tea leaves. The PR's are always vague and open to interpretation...which I firmly believe is by design. As a result, if there is something good to say, LLEG would say it. So it is probably a safe approach to think from the perspective of what is the worst interpretation supported by what is known. I think you will be closer to the truth than if you take the most optimistic assumption and rely on that.
As for my true gut feeling? Well, a little disclosure first. I sold my stake right after the suspension into what is known as "selling into stupid". So I am a break-even on this. I no longer hold a stake...so to the degree that influences how you feel about what I say...I wanted you to know.
I didn't think this was an outright fraud...and I still don't. But I think the common stockholder is now irrelevant to what is happening or to the management of LLEG. I don't think they planned it that way, but I think the circumstances have forced it to that point. So bottom-line...the common stock is worthless.
I think you will see one of two things happen...(1) the company will go bankrupt, or (2) an r/s will occur to the tune of about 1000>1.
Either way...a lot of good people have lost a lot of money for reasons they may never fully understand.
Sorry for the doom and gloom...but you asked.
