string you along

Hello all,

On 8th of August PB was quoted by Bloomberg to have said THAT he expect the sale of Teresa to be compleated within 90 Days.

By December 2011 the LNC cash position will be down to $150 M (this is in the forward forcast)
Incidently if LNC completes the buy back then the cash surplus will be only $100 M by Xmas 2011


If Teresa is not sold within the next 90 days.
LNC will be vunerable to an equity raising.

LNC's burn rate is $200 Million per year with admin swollowing $33 Million pa.

Lets see how cheap PB thinks his shares are.....very few shares are purchased above the $2.00 in the buyback.

So you'd be entilted to think that above $2 it's expensive and below $2 it's more atrractive.

Wonder if LNC runs out of cash where the capital raising price will be? above $2 or below $2?
Time will tell.