Agree GARETH78, accepting offers for FFX (which hold the LLL as...

Agree GARETH78, accepting offers for FFX (which hold the LLL as the asset), will likely see retail holders worse off than a simple return of out of escrow shares.
The market will take about 5 seconds to work out how much the bidder is paying for the LLL shares, and they will trade at around that figure and likely more.
Very likely more given LLL potential and the FFX millstone being removed.
The deadline has been extended IMO simply because their preference is to do a deal rather than return the shares. Otherwise, they would have stuck to the plan and made made a decision at the end of June to return the shares in the absence of an acceptable offer.
The BOD are obviously hoping that the LLL share price will move this quarter to encourage higher offers.
If they end up returning the shares after the lenghty debacle it still means we had to wait a long time to get our cash distribution. So we missed investment opportunities.
It appears the BOD are pandering to the Funds who likely prefer a deal rather than LLL out of escrow shares.
The Treadstone exercise is not working well otherwise they would not have had to extend it.
Just a lot of money and time wasted when the answer was obvious to all except the BOD.
I have been pushing for a 30% plus premium Reality is we will likely get unders depending on competition between bidders which given the deadline extension is looking pretty poor, ie there is no mad rush to buy from bidders and offers have been laughable.
It seems like a waste of time and money.