LLL 0.00% 50.5¢ leo lithium limited

General Discussion, page-3079

  1. 5,596 Posts.
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    If LLL wanted the escrowed FFX shares all they need to do is buy out FFX holders for the value of the LLL shares and cash held by FFX.
    Payment as follows.
    Issue 210 odd mill shares to match the escrowed share number. These new LLL can be issued to FFX holders pro rata..
    Pay $30 mill cash or whatever is held by FFX as a distribution to FFX holders.
    When escrow is over those shares can either be cancelled by LLL or somehow used as a taeover blocker.
    The cash held by FFX belongs to LLL so the $30 odd mill is reimbursed.
    Net cost to LLL very low plus get rid of FFX stench and maybe gain a takeover blocker.
 
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