Ann: Administrators Appointed, page-36

Plus whatever the offer is, it doesn't need shareholders acceptance, which must have always been a concern for LNG9 with the old bid. Put up funding only to see the bid shot down because >10% is deluded and thinks they can do better. Now the shareholders are out, and there's only the administrator to deal with. If I were LNG9 I would also have waited until administration if I was still remotely interested.