As anticipated - LCY and NMDC announcements (or the lack of...

As anticipated - LCY and NMDC announcements (or the lack of detailed ones) did not look encouraging and here we go ... a nice rip off. I do not understand why management said YES to this but seems like Mrs S. has different prioorities than the rest of the shareholders. I wonder what they are ...

So - with all respoect to those burnt by what has just happened : learn a lesson and remember it:
- do NOT trust the management unless they have proved on many occasions that they CARE about the shareholders
- if the deal has many unknowns then close your position ASAP

As I said : I learned the above hard lesson on NMS and I did not repeat it with LCY (I had LCY but when they announced the offer WITH NO PRICE GIVEN) I sold the lot

BTW: NMDC offer was kind of a hybrid (TO+CR+IPO) and this alone was very suspicious to me (as I openly said on another LCY thread)