rejecting the offer, page-2

what I don’t get is the contradiction between their reason 1 (trying to relist) and reason 5 (trying to find a better offer) with not a lot of concrete paths forward

this QGL plan seems better thought out than the current strategy

I’m not a LML holder but am a QGL holder
i’m trying to imagine what it would be like if the roles were the other way around and it would come down to a few points:
1. is the valuation of the (diminished) asset fair?
2. if not, then do I have confidence in current LML management providing me a better, liquid path forward’ and finally,
3. do I have the time and risk appetite to wait?

hopefully the two assets together are better for both sets of shareholders