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Eddard.Stark

1,434 Posts.

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10/09/23

12:10

Post #: 69800887
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Originally posted by petrovski: ↑

That makes sense, I recall the calls on here previously when the under $2.50 offers were not made public, some holders were upset as they felt they should have been given the option, and as you suggest, should the SP plummet, they potentially could have legal recourse. (no right or wrong here)

So in the context of refusing the higher offer, of $3.00, coupled with current market volatility and shorters, that price drop was a real threat. There is risk in conditional acceptance (and note the reference to the careful language used) but from inside the tent the risk was calculated as they certainly knew GinaR had sub 5% holding and they probably knew she wanted to keep it and would be well positioned to increase it to come alongside the board and help peg the $3 and stave of the scheme of arrangement. Aligned then with the ASX 100 move, to further support the price. This risk seemed to be a preferable one than to refuse the offer, see the stock shorted, and a price drop, be vulnerable to a t/o at a lower price, and possible shareholder legal action. Ah, finally the mists have cleared. I know other posters have stated the end points but I like to see the workings outs, the steps taken to arrive at those end points, so thanks again.

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Ahh there we go! Thanks

LTR Price at posting: $3.05 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 78.5¢		Change 0.060(8.28%)		Mkt cap ! $1.903B

Open	High	Low	Value	Volume
76.5¢	79.5¢	74.5¢	$19.01M	24.50M

Buyers (Bids)

No.	Vol.	Price($)
7	46043	78.0¢

Sellers (Offers)

Price($)	Vol.	No.
79.0¢	62337	7

View Market Depth

No.	Vol.	Price($)
5	32523	0.780
5	40582	0.775
8	111497	0.770
2	70000	0.765
6	87400	0.760

Price($)	Vol.	No.
0.790	62337	7
0.795	85840	7
0.800	242214	17
0.805	51233	2
0.810	99729	7

Last trade - 16.10pm 27/09/2024 (20 minute delay)

LTR (ASX) Chart

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