LTHU has had a sharp decline in the last 9 days. This is due to debentures from Cornell. After today Jan. 6th these debentures should stop untill the pps is over .06, here is why. This is from a PR on Oct. 26 2005: The debentures are convertible at the option of Cornell Capital at $.06 per share, have a term of one year and accrue interest at 8% per year. Interest and principal payments on the debentures commence in January 2006. LTC can redeem the debentures for any reason until January 6, 2006 without any prepayment premium, and thereafter if LTC's common stock is trading below $0.06 with a prepayment premium of 15% of any amounts prepaid When a company signs a deal with Cornell "the Devil" the stock price is mostly controlled by Cornell from then on. And from what I see it will be in the best interst of Cornell for the pps to be over .06 from now on. Right now LTHU is trading at about .03 This looks like a no fail double to me any thoughts?
Posted by OO7 on :
sounds like a good assumption,,,,good luck I'll keep an eye on it.
Posted by rider3160 on :
buys coming in this is moving
Posted by Otttoman on :
Bought some today. It's near the 52 week low and if the run after the last bottom is any indication, we could see a good bounce coming. Time for some positive PRs concerning the pending military contracts and other projects. At least I won't be chasing this one on the way up and watching it drop like most of my other pennys. Should be fun to watch. A double would be great, but hope for more pending good news to come.
Posted by Goodones on :
Seems to be no Cornell debentures today good!
Posted by rider3160 on :
buys are here and its moving
Posted by Otttoman on :
WhooHoo, my first penny stock in the black and on the first day I bought. Let me savor this moment while it lasts. I won't jinx myself so no more negative thoughts. Go Go Go.
Posted by Goodones on :
Ottoman thats good. I wish we could also pull the Rally Monkey out for MOTG. Soon we will.
Posted by Otttoman on :
I have most of my money invested in MOTG at 0.6 and need the rally monkey to turn that one around too. Here looking forward to more positive news for both companies.
Posted by Otttoman on :
Goodones. Gave you a 5 star rating for your tip on LTHU. If it turns around, I'm taking it back. LOL
Posted by Goodones on :
Cornell should stay out of the picture untill we get to .06 I have noticed the L2s are being adjusted to let us slide over .06 with little buying preasure.
Posted by Goodones on :
L2s are looking good today.
Posted by OO7 on :
looking for a deal??? todays a good day to load up!!!!
Posted by EverGreen on :