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LFWK - GOING TO NEW EXCHANGE!!!!!!
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[QUOTE]Originally posted by Purl Gurl: [QB] I am not quite sure what to make of this one. Certainly I am researching and watching. Their SEC filing, recently, does suggest this plan of a merger is legitimate. This, I believe, will happen. News of importing building material into the Mid-East is interesting and holds some promise. Inherently, I am skeptical about all stocks until I can prove their claims to be true. This is my habit and not a comment on this company. Wording is questionable in their news. "...lack of primary building materials on the Island, specifically, and in the Middle Eastern region generally...." This I view as questionable. Building material for the resort on Al Reem Island, probably true. Tossing in "Middle Eastern region generally" is very questionable; there is an absence of any direct indication of dealing beyond the island. Providing materials for a resort, this can be profitable. However, once this pans out, is there more to come? No word if they plan to expand into the region, nothing firm, so far. I would question the potential for profit in the Middle-East region. A majority of countries in Southeast Asia, Mid-east and North Africa, cannot afford food and water. Highly unlikely there will be any construction save for those few affluent countries, such as Iran, Egypt and India, a few others. Use of wood products for construction. I am not so sure. Predominant building material in the region is concrete and masonary. Not much wood is used save for exotic woods for high end works. Concrete and masonary is usually sourced locally. Reinforcement rod, rebar, this would sell! I am sure this must be imported, most likely coming in from China. Large quanities of wood, doubtful. My expectation is a continued very mild downtrend in prices for this week. I am not writing this will happen. This is only an opinion on my part; fractions of a cent downtrend. I will stick with volume being too high for any significant price motions. There is not enough volatility for short term motions. Again, interesting company, interesting news and I will be watching, carefully. I am just not quite convinced, yet, to jump on this one. Others will tell you I am very cautious! Purl Gurl [/QB][/QUOTE]
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