I am with you. I did plan to sell today if over 8 c. But for...

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27/03/20

11:14

Post #: 43729385
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Originally posted by mmartin: ↑

IMO Two companies with hardly any cash , with one trying to buy the other out, LNG9 CAN'T EVEN GUARANTEE SHORT TERM FUNDING.

I'm surprised the SP hasn't dropped to 1 cent , actually i'm really surprised the Coy is even trading , with only a few weeks of cash and further funding not certain, isn't the Coy technically insolvent, and shouldn't it be suspended now ?, this could be the last opportunity to trade imo.
=====================================================================
LNG9 has informed LNGL that it intends to work with LNGL to provide or arrange new sources
of funding as a supplement to existing cash on hand to improve LNGL’s working capital
position and sustain its operations through to at least the end of the LNG9 offer period.

LNGL’s existing funding is sufficient to meet all of LNGL’s commitments until late April 2020,
but LNGL needs to secure additional funding (through LNG9 or other sources) urgently to
continue operating beyond then.

• Based on discussions held to date, LNGL anticipates that new sources of funding on terms
acceptable to LNGL and LNG9 will be obtained, although that is not certain.

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I am with you. I did plan to sell today if over 8 c. But for some reason I still hesitate. Maybe it is just a game and they want to put pressure on sh to accept to offer. Then again if it’s not we will see sp at 2c very very soon. What to do

LNG Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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I am with you. I did plan to sell today if over 8 c. But for...

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