probs my last post on this subject. FWIW I was not able to get my bargain entry into LEIE at mid $15's; I am still in the queue but suspect that little opp has passed.
IMO no "real" market has eventuated in the LEIE & I have actually concluded that there is a giant misunderstanding of LEIE & LEI amongst SH. Right now what is "holding up" the LEI SP is holders (who like bellenuit) are accepting the $22.5 offer and think they are buying a bargain by replacing LEI shares at about $20.
I suspect there is going to be a huge issue when the offer period concludes & I am not even sure how (or if) these holders will be informed of their "right" to accept the $22.5 on 3/8 of their new shares. I smell a fair bit of angst ahead for small SH ... could result in quite a volatile little period. I will be setting an alert for mid $15's in case we get a dump to that level.
Or I might have the whole "story" wrong?
Until then good luck to all holders; I am pleased to be out. cheers g
LEI Price at posting:
$20.11 Sentiment: ST Sell Disclosure: Not Held
