is my aunty really my uncle?

IMO


If LNC made the identical announcement and announced the issued price of the $60 Million raising at $1.50 instead of $4.50 I believe the market would have responded with a current shareprice of $1.80 or higher.

Isssuing shares is printing paper for the $60 million cash abeit less paper however still paper none the less.

Why such a higher issue price of $4.50 when the shareprice was at $1.05 prior to the announcement?

Why would the Chinese company not wade into the market and buy 25 million shares? ( 5% of LNC issued capital ? )on market?

What would the average price be for $25 Million shares?

Do you think if you were a shareholder in the Chinese company you'd be asking a few questions?

Is this a good deal for the chinese company ? You'd have to say NO then by defination it must be a good deal for LNC.

Why has the market not given it it's full appreciation?

I think i comes down to belief in the management at LNC.

The jury is still out and while as a shareholder you'd rather be on the end issuing at $4.50 you can't help but wonder why all the "cloak and daggers".

I have my opinion but im not prepared to air it neither do i think it's relevant.