Home Ales I assume you are saying a " what if " supposition .....

Home Ales

I assume you are saying a " what if " supposition .. tongue in cheek of course ..

"Oh LPD just issued a secured convertible amortising note (over Patents) for $5 million repayable on change of control - damn LIT just freed it from defeating condition"

On your bucket list wish that LPD took out a convertible note issue "Loan" on L Max for $5Mill (or more) ... then if LIT managed to take over LPD somehow .. LIT would then be lumbered with a minimum $5m plus interest bill to the convertible note issuer to secure the Lmax tech.

In this case, if LIT could not take out the issuer , then the issuer would hold the patent .

Who would then benefit from this scenario?

It would only make sense if LIT had spare cash to take out the convertible note issuer , or keep them at bay for an extended term, and somehow manage to revise the TO offer to LPD holders with , say, a 1 for 5 offer and agree to let the current PLD board run the merged company with LIT having AG on the board ???

Could this hypothetical situation work !!! Maybe .. if all parties were willing to bury the past. So long as the LPD shareholders are not stung, it might be workable.

But that's purely my hypothetical supposition.

So where is the reality in all this.

All I can see at the moment it's a Hostile TO attempt. If it was mutually beneficial .. there would be no problem currently. LPD are not trying to do a TO of LIT .. LPD is not welcoming the LIT TO attempt ..
so it must be classed as hostile by inference.

Just my views as an interested party in LPD.

Cheers,

HR