LPD 0.00% 0.2¢ lepidico ltd

Ann: LIT: Declares LPD takeover bid free of defeating conditions, page-11

  1. 2,732 Posts.
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    Just thought about it tomorrow is the day that LIT should issue a new substantial shareholder declaration as all of the pre-bid agreements should have completed.

    No need for those pesky names and addresses and some Malaysians can rest easy I notice the apartment has been withdrawn from lease although someone lost a high court challenge about their bankruptcy $150 million owing.

    Venture on I say next move is issue more paper change the ratio to 10 to 1 to reflect current market settings (tongue in cheek) with wriggle room to increase to 7 to 1 for my knockout blow.

    LPD price skyrockets making matters worse.

    Still no cash takeover offer emerging to refill the LIT coffers expenses now up to $1 million at LIT can we pay ????

    Oh LPD just issued a secured convertible amortising note (over Patents) for $5 million repayable on change of control - damn LIT just freed it from defeating condition.

    What do I do now - ask Adrian I am taking LSL
 
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