Ann: Recommended Takeover Offer for LNGL, page-357

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mwilson25

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05/03/20

16:49

Post #: 43326533
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Originally posted by possum2: ↑

LNG's management have now lost that much credibility over the years because of what has been promised and not delivered, that even when a proposed takeover offer is disclosed to the market at 19c the market in general still does not trust them .
Their reputations have been collectively shot to bits. It is little wonder some shareholders are now selling down to 12.5c . How can anyone believe what these guys say with any conviction. Talk about the boy that cried wolf.
Under normal circumstances investors would be jumping over themselves buying at these low prices for a quick 50% return . Not so . Fair to say what we are witnessing right now is a fair reflection of what the market thinks about their directorship, capabilities and integrity.
It's not only very disappointing form a shareholder perspective, but it's embarrassing that a company with a market cap that once boasted in the billions was allowed to be put into the hands of these gentleman. Talk about a riches to rags story.

Words fail me to be honest.

Please someone, take my stock at 19c and put me out of my misery.

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Right you are. One more repeat of today and TO premium will be available in full to anyone that wants it - not just holders.

Tha sp looks surprisingly weak even at 12.5c

It does sound like I and others have been induced to trade on a TO bid with no substance and holders have been led down the garden path.

i guess LNG9 will just fold if they cannot get the money for the bid.

Maybe the bid is fake?

LNG Price at posting: 12.5¢ Sentiment: Buy Disclosure: Held
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Ann: Recommended Takeover Offer for LNGL, page-357

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