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DoctorSolar

LIEG

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Wow this one has totally cratered! Morgan recommended this one when it was at 0.89. It is now at 0.41.

 

President Obama wants you to drive an electric car—and rightly or wrongly, he’s spending and loaning billions of dollars to make it happen. And governments all over the world are following suit.

 

It’s a megatrend of historic proportions that has created a rare opportunity for you make nearly 3 times your money over the next 10 to 12 months.

 

Better yet, if you wait a little longer, you could make 10 times your money as the electric car takes the world by storm.

 

Anyone got any thoughts on this one? Has Morgan updated his subscribers with his thoughts on the recent price action? A triple now would bring us back to his initial pick price! :lol:

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Apparently David Morgan provided an update on this stock in the May edition of the morgan report.

Any Morgan report subscribers care to give us a brief summary of what he had to say?

Buy? Sell? Hold?

 

Cheers

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Apparently David Morgan provided an update on this stock in the May edition of the morgan report.

Any Morgan report subscribers care to give us a brief summary of what he had to say?

Buy? Sell? Hold?

 

Cheers

 

Definitely SELL

 

Comparables of LIEG are listed here : AMLM and LTUM

 

Both highly suspicious even for a short term trade now that the promo has run its course...

http://messages.finance.yahoo.com/Stocks_(...tof=5&frt=2

 

http://thestreetsweeper.org/article.html?c=6&i=457

Third Wheel

 

By now, a few stock promoters have already moved on to LIEG as their next big lithium pick. Morgan, the commentator for Fox News, helped kick off the campaign last month by portraying LIEG as a “potential $1 billion-plus big-time player” in the lithium arena. He tried to separate LIEG from the pack by pointing to the company’s balance sheet – which actually shows more than $3 million in cash – and its “rock-solid” management team.

 

Morgan praised LIEG CEO Luis Saenz in particular by highlighting his past experience in the investment-banking and metals-trading industries. He overlooked Saenz’s more recent jobs, however, including his leadership posts at two other microcap mining companies – Genco Resources (OTC: GGCRF.PK) and Loreto Resources (OTC: LRTC.OB) – that are still hunting for success.

 

According to regulatory filings, in fact, Saenz still serves as CEO of the latter company. Moreover, he made big promises at LRTC that sound eerily similar to the claims he has since made as the leader of LIEG.

 

When announcing a private placement for LRTC in September of 2008, for example, Saenz stated the following: “This financing represents the first, very small, sign to our investors that we have begun operations. Over the next few months, we will be investigating possible corporate property acquisitions and joint-venture opportunities, and we are optimistic that we will soon be in a position to complete our first transaction.”

 

When assuming the top post at LIEG as the stock began trading last November, Saenz said almost the very same thing.Specifically, he stated: “These corporate actions represent the first steps in our new operations and will aid us in our focus to identify corporate and/or property acquisitions and joint-venture opportunities … We are optimistic that soon we will be in the position to announce and complete our first transaction.”

 

For LRTC, at least, those predictions never came true. In a January regulatory filing, LRTC disclosed that it had abandoned a mining plan in Peru and begun searching for other opportunities. The company’s stock, which appears to be stuck at 50 cents a share, has not traded since that time.

 

In contrast, interest in LIEG has remained quite strong. During its brief four-month life, LIEG has enjoyed healthy volume – with more than 1 million shares changing hands on some days – but no lasting strength in its stock price. Although LIEG topped $1 on early publicity, the stock has since lost one-third of its value and hovers well below the lofty targets (of $2.50 to $8.90 a share) established by Morgan a couple of months ago.

 

In an interview this week, Morgan said that he feels somewhat concerned that LIEG has been underperforming other lithium penny stocks that seem to carry more risks. He continued to express confidence in LIEG, however, while admitting that he has made some mistakes in the past.

 

“I always say that serious money goes into serious companies” with solid balance sheets and complete financial reports, Morgan stressed. Still, “everyone loves to speculate … I try to find value, but that can be tough.

 

“I’ve made some really good calls,” he added. “But I’ve made some boo-boos, too.”

 

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