Ann: Recommended Takeover Offer for LNGL, page-121

*battered not bartered

And the only way 90% of shareholders will accept this offer (which will NOT be improved upon as LNGL has time and dire macroeconomics (Coronavirus, China tariffs, gas oversupply issues to 2025 and now more political opposition to fracking in the US) against it) is if the share price descends to the 4-6 cent level.

At the 4-6 cent level 90% is achievable, but not at the current share price level. And it definitely won’t be achievable if the share price rises from here. So the whole arbitrage argument is bullocks. There’s no real arbitrage opportunity as the chance of 90% actually agreeing to this sell out is ZERO.

Which means indecision, paralysis and demise to 4-6 cents, which is the point everyone WILL say “ok, let’s take this crap offer”

Just my opinion