I reckon the LLP price is under pressure at the moment, because the market is expecting LLP to purchase some/all of those assets of PTN which are managed by LLP.
I think LLP will raise the funds it needs, by making a rights issue. That rights issue may be underwritten by LLC. That way, LLC gets to purchase LLP shares at CMV or less, plus gets to increase its % holding in LLP cheaply.
LLP has pre-emptive rights to purchase those assets, so any bids which arrive from 3rd parties for those assets, are most likely to be at a low price and thus possibly attractive to LLP.
Any thoughts out there? cheers
LLP Price at posting:
9.9¢ Sentiment: None Disclosure: Held