ASX Hot too!, page-435

I agree re it being unlikely re GG take-over.

Firstly, given the close proximity to a potential game changing FDA approval later this year, a takeover would need to be multiples of the current valuation to be of any interest to LTSH's. To then be seen as the "risk free" way of making the money expected following the first approval. This will make a takeover very large in the order of billions of dollars.

Secondly, expect a large number of LTSH's have invested for the real prize in 5+ years. Becoming the next CSL. When the other much larger indications are approved. Making this company a very large multi billion dollar company, with matching share prices MANY multiples of the current value.

Finally, whilst SI might only have 7%, I expect he and other key long term owners will not want to give this away after 20 years of work and almost being within touching point of the pot of gold. There will be a significant percentage with no interest in selling.

I would think GG wants to build to 20% to potentially get more boards seats and have great influence the business strategy/development. Also, GG might well be investing as believes there is a high probability of approval and make for a huge payday.

Guess if I am wrong, my final point holds. That GG with good knowledge of the business, medical & FDA must believe there is a very high chance of approval. If GG's bigger plan is a takeover, must be very confident of approval. This is a good sign for all of us.