Thanks Witty! We have been fortunate to have the information about the merger and the basic details supplied by Mr Frack with due caution so as not to give out more information than is warranted at this time. This whole merger looks like it will be very financially rewarding to all of us. Trying to bid cheaper and get some to sell is counterproductive to the future of this stock. The main thing that makes LBRG look so appealing is the stable price. One day we will look at L2 and see a very fast change in the price as it goes up once the deal is formally done.
I don't think it's a matter of "there is no rush". All business transactions have a need for closure on some timetable, some more expedited than others. The issue here is we simply don't know enough about the details / delays so everything is just a guess. I'm sure there is a sense of urgency to complete this deal. The last Q was in the 8th inning and now there is a long rain delay. The 9th inning will show the next Q and give the answers via disclosures.
The buying was caused by Frack discussions IMO and the selling is caused by either one of 2 things: someone needs their $$$ or changed their views to move on to other stocks IMO. What has me puzzled still is BMAK lurking but we shall see when interest picks up.
I simply don't think the previous efforts of filings and Nevada updates are for no purpose. The shell is clean and looks like a good potential.
The value of this stock again is whatever. It makes no sense to say it's worth anything because no one has a basis for value. The only thing 7 cents did was make our balances look good.
Opportunity knocks and I suspect a day will come when some person will take the 3s and 4s and 5s out of reach for good. Meanwhile the ask slowly decreases. I'm waiting in the wings like a thief in the night for a strike at something. The longer it goes on the more people will lose their grip and sell at any cost - that's when the strike will happen for me.