So LandOcean is unable to make the refundable payment that it owes to Range - for a variety of pathetic, unbelievable reasons.
BUT!
LandOcean still expects the interest on its convertible loan to be covered by the issuance of new Range shares - thus causing shareholder dilution of c20%.
HILARIOUS!
If the board of Range approves and supports the issuance of these shares now, knowing that LandOcean is not playing fair and failing to meet ITS obligations, well, then they are acting irresponsibly and should be pursued by shareholders.
In addition, if anyone out there still doubts the fact that Range has become nothing more than a tool for funnelling funds between Chinese entities, then boy, do I have an investment opportunity for you!
You see there's this big bridge in London with shops and houses all over it, like a little village on stilts spanning the river. And, well, I own it! But for just a few million it can be yours...
