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4.3¢ liquefied natural gas limited

Ann: Withdrawal of LNG9 Takeover Bid and Financing Update, page-20

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rich bastard

60 Posts.

9

14/04/20

10:05

Post #: 44025599
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Originally posted by Foxdog: ↑

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......

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Bit harsh? Smiley has at least drummed up some cash to cover his wages at least short term...

"LNG Management Services LLC, a wholly owned U.S. subsidiary, has received a Paycheck
Protection Program (PPP) loan from the United States Small Business Administration (SBA) in
the amount of US$388,552"

LNG Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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