lion energy, page-26

re: this is a dog with fleas!!!! nc Ian, I have read a lot of your posts and that of people who respect your opinion, so I will assume you know more about this coy than I do, but it seems to me that as they have held these various investments for a while now and they had little cash in hand and had to issue more stock, it would appear that these old investments weren't good enough to even cover the coy costs, let alone allow for expansion.
I am open to a well reasoned view of why we should hold, but it would appear that today's trading of 50 odd mio of shares has only taken 8 mio off the offer, so more sellers have come in as the day has progressed.
Granted more buyers have joined the buy side, but as they are sitting back behind the action, I assume they don't really want to buy and are opportunistic at best and dummy support bids at worse.
I hold this stock and am all ears for a good reason to hold or god forbid buy more.