Have these guys actually ever signed a deal with anyone for anything?
Is there a silver lining here though? Now that we will remain shareholders, is there a way out?
Management need to hold a conference call NOW and discuss ways of moving forward. There is absolutely no requirement for commercial confidentiality now. LNG9 have stuffed around and wasted time at our expense and unless they stump up some cash like IDG did then they can bugger off.
Surely Greg can raise funds somehow. A 1 for 1 entitlement offer to instos and retail. Even if it's not fully subscribed it gives us a chance.
Just when I think I've seen it all with this mob they manage to find yet another way to dismay......
Ann: Withdrawal of LNG9 Takeover Bid and Financing Update, page-15
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