You amaze me Dugsab. There are more than one way to skin a cat.
On 12 June 2013 the Takeover Panel knocked back that $22 million renounceable share entitlement offer as it included an underwriting agreement from SB for $18.9 million and if implemented would have given him the major controlling interest in LNY.
So, as you have posted, that $22 million renounceable entitlement offer was withdrawn on 1 July 2013 and on 8 July 2013 the Takeover Panel scrubbed the matter completely.
But, that boy wasn't going to just lay down and forget that $18.9 million so easily.
So, they called an EGM for just 9 days later, on 17 July 2013, surprise, surprise, Resolution 1 was that SB be issued with shares to convert his loan facility which stood at around $18.9 million.
More surprises , that resolution was passed and SB was issued with 1,109,012,88 share at a nominal price of 1.8 cents which, oh so coincidentally, equated to $18,342,217.
Hey, what was the result of that, SB's voting power went from 23.73% to 70.07%, exactly what the Takeover Panel wanted to stop!!!
His "paper" interest has been cut by their own dilution tactics, but, you would have to be super naive to think that that bloke still doesn't "own" LNY. Tell me who would vote down ANYTHING that he would propose!!!! OWNERSHIP!!!
And while your there, can you please tell what you were talking about when you said that "I get the feeling that .003 will never be heard of again. Monday WILL tell."
Then you say that the .004s are somehow in danger. How do they equate??? More cryptics I'm afraid.
Can we PLEASE just concentrate on what over 4,000 poor shareholders WANT to hear!!!!!
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You amaze me Dugsab. There are more than one way to skin a cat....
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