I know a few companies who I personally had communications as a top holder, even face to face meetings a week or 2 prior to attempted delisting or taken out by a majority holder etc, who said no chance, company fully committed etc.
Only the company can come out publicly and communicate their intentions by demonstrating a firm commitment to unlocking the resources, do some serious action in a serious attempt to unlock wealth for their holders. They have stagnated long enough imo. Time to perform or leave imo...
While they remain silent imo and accumulating even larger control it remains a concern for me. Tell me one case of senior management in companies ever coming clean of their true intentions prior to an adverse event seriously impacting minority holders imo, just look at politicians who deflect while maintaining other agendas. With respect I am not that naive, but I could be wrong!
Hope you are right Rhaz, we all do... As I say imo the company urgently need to get their act together and in-still confidence for their holders and regain trust then only then will my opinion of LNY will change. GLTA..... WE MAY ALL NEED IT!!!!!!!!
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