Hi micky. They have received $40k down payment for an option to purchase Yogi for $600k. This should pay off the debt owed to TFA leaving a shell which they have already done a deal with Bennelong Capital.
All in last qrtly.
"but never buy back in" Probably a good plan but I have found that I often take a small position (based on watching and research) and then find the timing was not quite right. I get out usually with a small loss, and look for a better entry. "averaging down is what I stay away from"
Yes Brett was always buying, he had a new director buying announcement every second day. He and I were both buying right to the TH. I checked last night after posting and I have 35000 LCG, after consolidation of 1.4 million at avg cost .0045. Its a punt, but who knows what will happen after its recapitalised.
LCG Price at posting:
0.3¢ Sentiment: None Disclosure: Held
