Is Lee Enterprises Lying to Shareholders, Stockholders? Is Lee Enterprises Breaking the Law?

"LEE Ent. just announced that on March 21, 2012 during their annual meeting of stockholders they will be seeking shareholder authorization to perform a reverse stock split.

That split will involve combining anywhere from 2 to 5 shares into 1.

Given the price of LEE Ent. stock, which is currently trading at $1.06/share, and continuing to fall, it could result in a "new" price of $2.12 to $5.30/share.

It would not do anything to restore benefits that have been stolen from employees, but it would change the "perception" of LEE's continued failure and Mary Junck's inability to move the Corporation forward with actual productive measures that would demonstrably increase the value of LEE Ent.

When you don't have any actual solutions, like Mary Junck, you reach into your black bag of magic tricks and pull a Houdini!"

Lee Stockholder Letter
http://www.lee.net/financial/LEE%20proxy%20for%202012%20annual%20meeting.pdf

Modified Lee Stockholder Letter.

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Crystal@CrystalCox.com