90% agree to LNGL’s already bartered share price from only ONE MONTH AGO?
ZERO chance
The problem is, LNGL is now in the hands of T20s who have failed to oust mgmt for years which means they are utterly uncoordinated and quite passive.
Despite this, there is no way they will agree to crystallise such losses and accept an offer commensurate with LNGL’s share price only ONE MONTH AGO.
Which means indecision, paralysis and demise.
More likely that one T20 eg IDG will step up with $10m placement at a discount to the current SP with hefty dilution but enough cash to get LNGL through 2020.
There will be no other bidders as the tide has turned on LNG and US LNG esp as pwhiteman warned.
Just my opinion
LNG Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held
