We can all guess what is happening.
I am open to any opinions.
SE has a major share of the company.
There are major shareholders that I really havent looked into.
I remember LNC was similar in so much as the share price being driven down. Peter Bond owned a large percentage of the company.
At one stsge it was revealed that he was being paid by shorters to borrow his shares to drive the SP down. He also kept buying.
The SP was driven down to the low 50s
An anouncement came out about a shale oil project in South Australia and the SP rocketed to $3 overnight. LNC ended up listing on the Singapore stock exchange
I stopped following but I think LNC is broke now.
I believe Those driving the SP down are the ones
that are doing most of the buying and selling
Cheers
EWC Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
