GREY:LBEFF - Post by User
Comment by
drillbit2008on Feb 09, 2010 5:16pm
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Post# 16768590
RE: RE: RE: RE: RE: RE: aatozz Retraction
RE: RE: RE: RE: RE: RE: aatozz RetractionWesternkid:
The Chinese are not your friend or your enemy. They are a majority shareholder with board members and have effective control of LBE. They will do what is right for “them” not the minority share holders.
True the alternative was worse: bankruptcy but only just. They will likely end up with more than 80% of the stock, take it private and just fold it into JJ.
Driller