In 2 days LG have given us a profit warning, Bidder Statement 4 and increased their shareholding by 1.42% to 29% for a hypothetically sensational offer for our company as long as all the planets of the universe line up.
Weiss in 2 days have increased their holding by 4% to 10.5% on market in cold hard cash. That has solved the 90% issue of compulsary aquisition. Not that LG was ever going to get anywhere near that.
It's easy to see who has the cash and power.
In a game of Chess i would say that is Check !
Your move LG. Get out of that one.
Next gambits for Weiss
A position on board for Weiss ?
How big a Share Holding position ?
Launch a realistic takeover bid ?
Question Woods and Co. about their loyalties now that the game has changed ?
We're more likely to be taken over by Weiss than LG at this time.
With a King and a few Pawns its going to be impossible for LG to win this one against A King and a full arsenal (real cash).
IMO a couple of feeble attempts by LG moving out of Check before Weiss ultimately calls CHECKMATE !
All we can hope for is that the fight leaves us with a substantial SH or 2 ( don't forget Centaurus)who have put up real cash for their holdings, who have a long term commitment to our company which moves the SP up reflecting the real value of our company.
Stay strong. Don't sell !!!!
SBL Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held