Well, nit2win, if you want to buy twitter go ahead. That stock isn't for me.
Stock price reflects the knowledge of the whole investor group. Prices will tell you when problems exist. The fees and rates this company has to pay for financing also speaks loudly.
LTNC is paying rates on their financing that loan sharks would love to charge. Some LTNC rates approach 100% annual rates. Ridiculous.
They have previously retired convertible notes. But the converts have started recently.
If there wasn't any overhanging stock LTNC would be much higher. Common sense and the stock price indicate there are a lot of sellers.
I happen to like LTNC. But I am long and wrong, not long and strong. Maybe they make it. Maybe not. Stock price, evidence of continual sellers and expensive financing costs tell a story that isn't all rosy.
nit2win wrote:
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PLEASE.....
STOCK OVERHANG? Give me a break!!!
This company has consistently shown the ability to retire notes without any conversions. Key word here is CONSISTENTLY!
Have there been a few sellers? SO WHAT??? This company FINALLY has enough shares in the float to where they trade volume every day.
The shares outstanding have BARELY increased, even with all the growth and funding they have done. The float is STILL ridiculously small for a company producing the numbers they have.
Yes, I guess in Nirvana we could sit back and anal-yze what the perfect OTC company should be doing, but it's a different story in the real world.
As for the ridiculousness of judging a company as a whole based on its stock price.... Ever heard of something called an undervalued situation???
Maybe we should all go out and buy Twitter at its high and wait until 2017 when they expect to be profitable!!!!
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