Sentiment seems to have moved toward pessimism because of the nature of LNG9
Anybody seeking certainty may like to press the sell button
The motives of LNG9 are not known. I believe the LNGL business will be flipped - sold to a major of re-listed on the NASDAQ once the Corona panic is over. LNG9 look like hustlers to me.
My judgement is that the TO is likely to proceed as LNG9 are committed to it and because it’s not that simple for them to back out.
Current trading while disappointing to all holders at 14c will in my opinion gravitate back to the 15c to 15.5c range. But that’s just a stab in the dark.
LNG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held