InvestorsHub Logo

gorgol

12/04/16 4:53 AM

#102933 RE: Eagle1947 #102927

My exuberance has been tempered. I was watching MSNBC last night...their show about scams.
Last night was a guy similar to Bernie Madoff, convincing so many people he was legit. Mansion in the Bay area, private jets, flying people all around. Everything was rented. I fell asleep before the final verdict. Smart people taken to the cleaners. Scary. Just before that I was thinking of buying more shares before the 15th. I changed my mind.

Dell_Griffith

12/04/16 6:50 AM

#102936 RE: Eagle1947 #102927

Beware irrational exuberance !



Never trust the words of a man who speaks them either to manipulate or says, or ignores, them out of ignorance or haughty self-righteousness. That briefcase was missing the papers on mortgages.

At this point, Lugee is like anything you care about - trust, but verify as much as you can. Now it's at a point where Lugee - so far - is being pretty open and doing what he says he'd do. I'm especially liking that he's doing it with CASH. Debt can bury a build-out. I understand the dilution issue and it's a valid point, but with debt, someone owns you. No one, but maybe customers, appears to own Lugee and even then, I'm sure he will create a customer need. The cart needed to be flipped and Steipp knew it too, even though he knew he'd likely be out.

iateclube

12/04/16 8:07 AM

#102938 RE: Eagle1947 #102927

No-one here knows what Li is going to say on the CC. He may start off like Steipp did six yers ago by overstating and then not accepting accountability. Here we go again. But if he is smart, he will also use this opportunity for a wake up call, and clear the air of a lot of misgivings. For example, he might say 'we never sold anything because the quality, production, and price line were not competitive, that with the cross licensing and combined IP and manufacturing we will certainly remedy this, however it would be unrealistic to expect the financial benefits before 2019'. That could be a wet blanket for those looking for fast turnaround in 2017 and they might bail out, but it would also attract a whole new generation of investors who get in with 2019 as a good horizon. I can think of a lot of very different examples of what may unfold, but it seems to me there will be new interest in the company one way or the other.

Unless of course he announces buyout and going private (2% chance, but
couldn't resist). Its a joke, okay?