Langbar International

More from TT on iii

Fri 19:23 Re: business plan... tiptornado 11
Spankaroo....

I am not trying to preach, nor am i trying to undermine you in anyway, nor discredit you, or anything untoward etc etc.

All I am saying, is that I, as I am sure all holders share your frustration.
Sure..... No one likes to see there holding suspended, but it appears that a lot of holders are of the opinion that a share suspension is a bad thing... Its not... It is a tool that can be used that can protect the shareholders.

In the case of LGB it has been used for precisely that reason. To protect us, pending Verification of funds, and in the words of the CEO, to put to bed once and for all any scepticism.

If SP had wished he could have allowed the stock to carry on being traded whilst independent verification was being sought.

However, he has witnessed the stock being totally desimated, and requested suspension.
The Rybak sales were not the reason for suspension. However, it gave him extra ammunition to request said suspension.

When the stock is re-admitted, we will be given the full facts. No more, no less. What will happen though, is any talk of funds not being there will have no substance whatsoever.

Prior to the suspension one of the arguments being used by the derampers was that the figures were not audited, and if they had been it was by a tin pot outfit.

Trust me.... SP is well aware of what has been said on these bb's.
Now, I would hazard a guess that he has chosen a reputable company to carry out the verification, like he says.... He wants to put to bed once and for all all this scepticism.

There is no time scale on the length of time the stock can be suspended. (OK.... Over a year, yes) but SP will want to make sure that when he applies for re-admission he is able to update the market with as many facts as possible.

What would we rather?
Re-admission next week, with a statement that X has verified funds.

or, in a few weeks time, that X has verified funds, the RAF deal has been completed, that here are the details of the property aquisitions, here are the plans for said aquisitions, here are the timescales for developments, here are the plans for developments etc etc.

What I am saying, is that it is frustrating for us, mainly because we cant get our hands on our money.
But, this is SP's job.... He wants to make a success of it... He has a vested interest in it (2M shares).
Its also worth pointing out that our european friends do not always work with the same kind of urgency that us Brits do (SP's actual words to me).

We all want news, and we all want it now, but we have to allow him time to do his job.

Patience is needed. I have the majority of my funds tied up in this, but am in a position wherby they were all paid for, so have no urgent need for the cash. I understand that some may have bought on T trades expecting to sell and not have to pay for them, but that is a risk they should have been aware of before pressing the buy button.

We can all bombard SP and MP with emails, again, we will not be given a timescale. We will find out the results when they are good and ready. Not one minute before.

TT