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marketmaker25

10/16/07 2:08 PM

#716 RE: Guardian #715

I don't wish you any bad luck Guardian but I hope that you don't get any in the 4s. I've looked at a number of scenarios involving the LIIBG and have not found any evidence of profound price turnarounds in stocks that were presented to them. One that might have been a good time story was Lumera who met the LIIBG in May of o6. That stock has subsequently moved significantly higher but the real move seemed to start for them a full 6 months after their meeting and it is likely that it had nothing to do with the May meeting as the CEO indicated that he was meeting a number of investment groups over a period of time. Despite that I'm hopeful but the deeper that this goes and the more shares that are traded at these levels the more difficult it becomes to move to significantly higher levels. On a tight bankroll that is an obvious concern. We know that Wu will have to return to the equity market for another placement and the lower the stock price the greater the dilution.
If I get to Calgary that will also be a concern that I express. Underlying all of this is still a gut feeling that the control of the company is somehow in play. Another change might be the death knell and despite my absolute frustration with Wu's unwillingness to communicate I'm more hopeful with him. Did you notice that if we want interim financials we have to mail back a form requesting the info. That suggests that they do not intend to use news releases to trumpet quarterly reports. I really wonder why that has become the practice. Seems like another way to keep news to a minimum. I don't get it.