@ BeachPilot
If history serves; Lecere was restructured in December 2010. $500k LOC was announced in December 2010.
Remaining with the ship tells me that Jim Morris has "integrity," and he apparently has the "talent" to nail down $1.3M in funding, and a $500k LOC, which is more than I can say for many other Pink Sheet companies. Stock price doesn't necessarily reflect the "ability" of management. For example take a look at LVLT. Also, Morris could have walked away completely just like Rosebrugh, but he didn't, and thanks to Jim the stock still has a value, rather than being delisted completely and going OOB.
It appears to me that the reason the news regarding clients is slow to come is due to Morris cleaning up after Rosebrugh walked out. My understanding is that new customers have been signed, but the PR/IR staff won't release a PR regarding individual clients unless a deal is signed with a major customer, i.e., national chain, etc.
Sources tell me the credit card processing is near completion and the software has been completely cleaned, and updated, removing many of the bugs that were apparently left by Rosebrugh.... (just what I've heard)
But who knows, I remain positive that LCRE will deliver good news very soon!
;) ;)
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