Replies to post #283 on Legacy Reserves Inc fka LGCYQ

[reaper247]

Thanks for the kind words 12yearplan.

I have enjoyed your posts as well.

I don’t often respond to reasonable and prudent people because the truth can stand on its own.

The slings and arrows tend to dominate my time LOL…

LGCY has substantial risk moving forward, no doubt.

Here is my take on it.

Since the recent restructuring of both the company and the debt, LGCY has three classes of preferred shares available for potentially non-dilutive financing and a significant amount of common shares to negotiate with.

I don’t think they are going away anytime soon.

Even if they cant maintain their NASDAQ listing due to PPS min requirements, I think they could do just fine with an OTCQB tier, which could potentially bring in increased interest, volume and volatility from penny traders.

We shall see.

Thanks again for the comments and GLTU on your trades.

IMO and FWIW.