We still hold the ace hand. They have to break us down and that means that they will have to either hold back results or place us into a high level of financial debt.
I would assume that there objective is still to make a profit (human nature).
So the question is, we bought the company because we thought it had potential? They bought in for the same reason! or they intend to strip it.
The way I see it, it will take some time before we are broken down. Most of us are principled on this and would rather hold our shares and lose than sell to those who have less that acceptable integrity.
On the other hand Liongold is probably principled that we did not sell our shares when they gave us an opportunity.
The outcome is we (SBL) die a slow death or they come out with results that make us all winners.
The alternative is for us to both find middle ground and work towards a successful company without the conflict that is omnipresent.
Battler
SBL Price at posting:
0.3¢ Sentiment: LT Buy Disclosure: Held