micah211099: A worthy argument. Though there are, as you intimate, flies in whatever ointment is chosen. What we have with LTC, in the cold chill of reality, is the engineering and execution of yet another start-up firm mated with attendant high risk and no guarantee of success. Start-ups are a tough row to hoe in a smack-down economy as Robbins, D'Amelio, Jones et al. found to their chagrin. The question is what percentage of the stake will be sacrificed in the coming months to find out management once again flopped? Sad to say but does anyone still trust them to do anything right? As things stand now, LTC auctioned for half of its third-party appraised value of $75 million yields $37.5 million times 86% divided by 74 million shares or $0.44/sh, 12 times its current value. Not bad considering the risk is removed. :-)
ctgi
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