Ann: Trading Halt, page-6

The company participated in a merger back in 2009 and the share price subsequently rose from 40 ish to $1.75 ish. 

The company's current difficulties are mainly due to the lack of capital to fund larger profitable projects. This merger proposal is all about solving that problem and can be a win/win for both companies and  shareholders. At a glance the strategic fit of these two companies is ideal, both have similar service offerings and similar cultures. Once OSD's operations are brought into LCM the expanded company will have a compelling presence in the market segment.

Without seeing the financials of OSD it is difficult to know the value per share ascribed to LCM shareholders post merger, but that will be revealed in due course. There is also the possibility of a third party making a hostile bid which could offer more certain value in the short term.

Fingers crossed this works out OK for long suffering shareholders.