LGX Oil & Gas, Inc. (ROAOF)

[LGL8054]

I don't know where I got the idea that Bowood was going to merg with LEG but after talking to the LEG office I found out that they are a sister company only and they are managing Bowood only and no merge, they do own a big chunk of stock so they want it to be successful.

Rights Offering #1 you could have bought in the open market for less #2 you will still have a reverse split of 20 to 1 on the rights offering. #3 I think that you can buy Bowood stock much less down the line when the shareholders understand what is going on ( this is just another standard RS dump on the shareholders )and you will see the share price is going to the bottom.

LEG plans to put assets into Bowood some time later. I see the symbol may change and a couple years down the line "they may find a buyer or do a spin it off." in the mean while I sold most of my shares and will be siting on the sidelines. Good luck all.