Tell me about it. You should have seen Mabsark on the AM thread for weeks with this kind of nonsense. It was really annoying. Especially since he doesn't apply the same competition metric to LC. And since he doesn't I can only assume that he was disingenuous.
I can't speak for him, obviously, but I think his point was that competition was a real threat to AM's lofty valuation at the time. AM's margins were almost certain to fall, followed by its share price, when it was no longer the only game in town.
In the case of LC, the share price is relatively low, so competition is less of an issue right now. Even if LC captures a very small portion of the network, the shares have room to grow. The risk with LC now isn't competition, it is that it's a total failure... any other outcome should provide at least a small return, with the possibility for a 10x payday.
So, considered in the short term, I don't think his arguments are logically inconsistent. In the long term, it seems like one guess is as good as another.
Edit: that's what I get for refilling my coffee before saving my post.
Mabsark has already answered above.
I'm just going to not mess with my shares untill late oct when things are suppose to be going on. 
