I received my paperwork from $QGL last week and mailed it in; today I have notification from ASX that it is processing that acceptance.
Given the attrocious way this company has behaved towards retail holders - and let's face it, it has just been a lifestyle company for a revolving door of Chinese ex-pats serving as paper office holders - I can't see any sound reason for a retail holder not to grab the Quantum offer with both hands, as quickly as they can.
It crystalises a capital loss, and allows you to either continue to (a) hold Quantum in the hope they alone, or as a take over vehicle, can finally get the SA site moving, or (b) sell your $QGL and recover your remaining cash.
Staying invested in $LML alone is likely to deliver neither of these outcomes IMHO.
YMMV - GLTAH
LML Price at posting:
0.8¢ Sentiment: Sell Disclosure: Held
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