An alternate theory and one to which I have previously referred...

An alternate theory and one to which I have previously referred is the possibility of an offer from Hancock aimed at accumulating effective control of LTR with an unconditional offer at a figure well below their previous purchase prices. If they buy on market and equal or exceed 20%, there is an obligation by law to make a full takeover offer to all shareholders. The law states that such an offer is required to be at a price no less than any purchases during the previous 4 months.

If an offer was made by Hancock, at say $1.20 (or even $1.50) per share now, it is very unlikely to achieve more than another maybe 20% of shares outstanding. But if it gets them to maybe 40% in total then Hancock will be in effective control of the company. I'm not saying it will happen, but it is another part of the puzzle about the future of our company. There would be many on here who would refuse to accept, but equally, there may be enough shareholders willing to take the money and run to achieve a good result for an acquirer Ike Hancock in the short to medium term.

regards
DF