will LLL share holding be worth 20c a share soon?, page-106

I think it is pretty obvious that I am part of a crowd that has been interacting with as many shareholders as possible.

Looking for feedback, thoughts, ideas etc, in a constructive manner.

As at tonight 2,152 shareholdings have been contacted via email.

Accounting for 323m shares on issue.

A further 42m shares have been mailed a letter.

Some of these holders have brokers, and they forwarded the correspondence to them.

I have spoken to 2 brokers today, and as Scott alluded there is likely 2 camps possibly 50 / 50. Liquidity now / Wait for escrow.

The 2 brokers were split. I suppose it does depend on your client mix. I respect that.

As I have posted before, it all comes down to numbers.

For the liquidity brigade to get their way, any offer needs to be a knockout offer IMO.

The threshold to reject an off market offer is very low, unless you are happy not having full ownership. I doubt a bid will be made this way from my experience and research.

A scheme of arrangement requires a 50% turnout and a 75% FOR vote.

A high threshold still.

If Scott, Treadstone or any bidder are reading this, I strongly suggest any Binding offer is exceptional.

Rolling a board has a high threshold. We know this.

Stopping a cheap takeover does not have a high threshold.

LLL performance today could not have come at better time.

GLTAH