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Sunday, December 26, 2010

What a week.....for LLEN

So Herb Greenberg was able to take LLEN all the way down to $9.45 this week by mentioning it and only it in a warning piece against reverse mergers on CNBC. The Jan 2011 $12.50 call shrunk all the way to $0.15. The fact that it still has any value with 19 trading days left is actually bullish in a way. The stock would have to move up 30% to get to the $12.50 strike price.

It seems with an issue as worrisome as reverse mergers seem to be with Herb, there might be more than just LLEN to be worried about.

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