Langbar archive

The Gambling Man - 22 Oct'05 - 14:53 - 22524 of 22575

Nottoworry, I read the situation as this.

The placing for additional funding a few months ago was done at 48p.
The shorting by private investors and hedge funds brought the sp down to 50p and would no doubt have continued.
The company would have been under some pressure by the 48p buyers to do something.

The reason the shorting continued was due to the 'unknown quantity'.

Nobody was sure just what Langbar owned, whether the cash was there or not, would the money in Bank of Brazil ever be released or was thet even there.

Obviously Stuart Pearson convinced the institutions everything was ok, but unless the market was convinced, getting the SP anywhere near nav was going to be impossible.

There was almost certainly a question about the size of Rybacks holding and it is a fair assumtion that the institutions would have wanted him to reduce that.
The question is, why did he do it the way he did. Did Stuart Pearson really know if he was selling or not. He certainly needed a valid excuse for suspension, this would be an ideal way to get it.

Unless we are to ignore the postings of TMWNN and others who I believe are being quite genuine in their contact with Stuart, it is now looking likely that the monies, or credit for them, are available and will be used.

There seem to be many new posters appearing to squash peoples confidence and poor scorn on the outcome being positive, yet I for one know that if Stuart Pearson is telling the truth, the news is going to be what every 'paid up' investor is going to want to hear.

No institutional rumblings of complaint (bearing in mind people are suggesting they were ripped of within 48 hours of investing), no denials from the various banks involved that the funding is there, no hint of any criminal investigations, no press take-ups publishing anything but a 'stab in the dark' article or two, no stock exchange leaks, in a nutshell, NO CONFIRMED BAD NEWS!

Until the RNS that announces exactly what the situation is, apart from conversations that only the people that had them know are true, the shorters will be doing their best to ensure people are worried to the point that as soon as they come out of suspension the weak will sell, this will either limit their losses or make them money if they succeed, and the 'rampers' (of which no doubt I will be accused of) hope that when the suspension is lifted, the price will rocket or at least maintain its present level.

Me personally, I have had a piece of correspondence that leads me to believe the 'rocket' is more likely.

However, who knows who is telling the truth???????