The efficiency of capital will dictate the linc energy outcome. Listed companies like LNC are opportunities for making money. Linc has wonderful assets on paper so the game plan for the large shareholders will be
1) recapitalise the company
2 ) put a trusted manager in charge
3) re position the company
4) get their money back
5) current shareholders should consider any re capitalisation options when announced .
6) the whole company is now worth less than what Linc paid for Ulmiat which was $50M
7) the note holders will forgive their debt in exchange for shares otherwise the receivers will be appointed.
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
