I bet We get close if the note holders are gone and he blows up that 1 b shares . I hope the buy back gets started again and he can manage to retire a ton of these shares with no more crazy lawsuits. It feels like he is saving most of the pr for something really big. It finally seems that ltnc is on the right track, I give him a lot of praise a lesser CEO would have rs IMO I think he is trying to do right be his shareholders. I think the 2nd half of the year sould be packed with positive announcements and share buy backs. My guess is a penny this year and a dime the following year. Glty
The question remains - why won't Schadel release the 2015 10-K and the 2016 10-Q1?
What is he hiding - why is Schadel delinquent with his SEC filing obligations - real companies don't engage in this kind of nonsense.
Then there is the TSGL/TCA note - which is hanging over Schadel/LTNC like the Sword of Damocles. TCA won't take any prisoners - they are very serious as soon as the first payment is missed the Note is in default.
Schadel has been liquidating the LTNC assets.
And Schadel still has the Federal Tax Lien to deal with - and the question is - why won't Schadel pay his payroll taxes?
Too many shares in float... Ryan deceived us about buyback, imho... this was the only way it was going to a penny. Now that we know he was not serious, it will be subpenny for a long time to come, imho