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.

"Source of Post, Sent in By Reader, Insider. Have a Tip LEE Enterprises Tip?
Crystal@CrystalCox.com

Lee in TROUBLE

Upon a random check of the LEE stock, they are barely above the 53 cent mark.  The tumble began pre-summer as the company converted their $1B in debt to higher interest rate.  That cost Lee Enterprises a cool $27M in financing a year.  For more on the LEE fuzzy math see:
 http://www.leeenterprisessucks.com/2011/09/lees-fuzzy-math.html

As a blog network, we have encouraged LEE to see a proctologist due to their stock impotence problems since May 2011.  It is the esteemed opinion that LEE Enterprises could use Viagra, since it has used the techniques of ENRON (improperly pumping their value) for more than six (6) months.  To read why Lee Enterprises needs Viagra (or Enron, or Ciallis) see:
http://www.leeenterprisessucks.com/2011/09/lee-needs-viagra.html

The company needs a good session with Dr. Drew, or Dr. Who.  Reality does not seem like Lee Enterprises friend.  The NYSE needs not make favors with LEE, it needs to start enforcing their trading rules, and kick under performing stocks like LEE off the exchange.  The 8-K filing talked of improving the stock price, and it has been nearly 30 days with a net DROP of 15-20 cents.

Lee needs to brace for impact instead of boozing it up for the holidays neglecting their duty to the NYSE to raise their price.  Do you think Mary Junck, largest stockholder doesn't want to reverse split the stock and make her fortune only finite?

Regardless, Lee Enterprises sucks, their papers are losing money, staff have no idea how to be professional, and the CEO is beyond borrowed time.  The NYSE needs to rent a roller and destroy Lee Enterprises for asking for too many favors.  Happy Holidays LEE.

Your stock is under performing, and your favors from NYSE have run out.