Ann: Recommended Takeover Offer for LNGL, page-476

There is clearly little appetite for the arbitrage opportunity which presents itself at the moment

Clearly punters have little faith that LNG9 will go through with the TO and/or little faith that they are up to the job even if they want to go through with it.

If the sp drops further punters will be close to doubling any money used to acquire shares given the TO does get up.

I feel quite a bit of fear myself.

But yes - as you say one thing is certain - this stock is ridiculous.