The buying is absurd.
You would have thought it’s unlikely that another player is wanting to make a TO offer.
It’s possible another IDG type player may inject capital but not at all likely as a multi year commitment is required.
A loan is out of the question -no income. Maybe more govt money - maybe - but not likely.
Shareholders might support a raising but the coy will not last that long. Who would underwrite such a raising.
Existing large holders could step in and provide liquidity as a placement. Not sure Baupost would be able to do this. IDG could possibly do this.
So that leaves our buddies LNG9.
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