Who in their right mind would want to take over a company with $600 M in debt ? You cannot be serious suggesting a take over!!
Ask yourself: Would you buy more shares in ?
No, why because it is going to be extremely difficult to repay $600 M in debt let alone service the debt with interest running at $70 M PA!!!
Dont you think Genting has sharehoders ?
They are screaming at this dud investment!
You expect Genting to get board approval to take on 600 M debt and what?
Start telling you a whole new story? The reality is that PB knew he had nothing to produce income in his suit of green investments hence he charged into oil in the hope of creating a cash flow.
He did that but used the asset to leverage up on dud exploration.
LNC should be reclassified as a NL company (Non Liability)
It's all over, LNC cannot borrow or do a CR as PB owns 30% so how is he going to match the CR with his large shareholding? To Raise $100 M PB needs to stick in $30 M it just ain't going to happen IMO. So I see the company just drifting to 4 cents.
The only way forward is for a new investor and do you think he will want a failure at the helm?
ITS ALL OVER FOR Craig and the rest of the team maximum i give is 6 months....they know it i know it and you should know it.
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
