Agree. Value of LIT would go up. But the value that LDP holders get is already low and with partly paid shares, the dilution would kill all but the very low entrants into LPD once called. Hence the v.low uptake in my opinion.
Market sentiment has been influenced (downward) by the TO for both. For LPD because:
The future is uncertain
Some dont want to hold LIT
For LIT because:
Perception if the TO outcome is negative
The assertions by LPD board in Target Statements
LIT Price at posting:
12.5¢ Sentiment: Hold Disclosure: Not Held
