Ann: Recommended Takeover Offer for LNGL, page-362

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Justace

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05/03/20

17:43

Post #: 43327639
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Originally posted by possum2: ↑

LNG's management have now lost that much credibility over the years because of what has been promised and not delivered, that even when a proposed takeover offer is disclosed to the market at 19c the market in general still does not trust them .
Their reputations have been collectively shot to bits. It is little wonder some shareholders are now selling down to 12.5c . How can anyone believe what these guys say with any conviction. Talk about the boy that cried wolf.
Under normal circumstances investors would be jumping over themselves buying at these low prices for a quick 50% return . Not so . Fair to say what we are witnessing right now is a fair reflection of what the market thinks about their directorship, capabilities and integrity.
It's not only very disappointing form a shareholder perspective, but it's embarrassing that a company with a market cap that once boasted in the billions was allowed to be put into the hands of these gentleman. Talk about a riches to rags story.

Words fail me to be honest.

Please someone, take my stock at 19c and put me out of my misery.

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GV will never hold a position as CEO etc - well out of his depth, never had the capacity to carry forward LNG after our Aussie Trooper MB. Some sucker may take him on. I'll leave it at that!

LNG Price at posting: 12.5¢ Sentiment: Sell Disclosure: Held
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Ann: Recommended Takeover Offer for LNGL, page-362

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