SP drop is in response to the PTN ann that they intend to take legal action.
Clearly this must be resolved and the most likely way is for one to buy the other.
PTN have a much higher gearing ratio than LLP and no white knight on the register (that we know of)...and PTN are the ones who are having issues with their financiers.
I couldn't see them doing anything. So the ball is in the court of LLP and LLC.
If I were in charge of LLP I think I'd be looking at mounting a one for one scrip offer and end this nonsense.
Surely PTN holders must be sick and tired of their poor management.
LLP Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
