Ann: Letter to Shareholders - Leo Lithium Priority Offer, page-41

I am not freaking out, don't worry. I am just doing the math on the 1 for 10.33 offer of LLL shares at 70c a share, which looked like a pretty good deal when it was announced. But with the current fall in share price, buying FFX on market is simply a better deal.

But obviously no one is doing that. If people where doing that, the price wouldn't be falling the way it is. So I wonder if people are still taking up the offer? I doubt it, since it makes no financial sense.