Happy to be wrong but had management have done this two months ago, they dilution would have been much less - Management strikes again.
the other companies will be much better off.
LPI are paying out $61M in shares to SBD, and $28M to Bearing. $90M total - out current MC is $135M
the script they are giving out could not have happened at a worse time.
also these parties get access to green bushes spin out which I think is rubbish. If management had of stuck to original time line, then this would have been a greater value per share for current LPI shareholders.
sure consolidation is good - but typical management are late to the party.
LPI Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
