Management purposely did not give Visby time to do this due to their misalignment ... and past the last vote. It takes 3 months minimum to run a take over offer ... they were only given 2 months until AGM. Even if they did the takeover, they would still be subject to the Binding Agreement until Shareholders turned it down. Given management clearly has not been working with Visby due to the mentioned misalignment of interests, they would not have postponed the AGM/Shareholder vote to allow the takeover - then enable to Visby to turn down the Tiger vote. This was all done by design between LCL Board and Tiger. Vote NO this week, every vote matters!
LCL Price at posting:
0.7¢ Sentiment: None Disclosure: Held
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