Lakeview Hotel Investment Corp. V.LHR

buyout offer

[riverrrow]

I can't see why the debenture holders would sell out for less than 10 cents on the dollar.  GLTA.

[alkhor]

I will certainly be voting against the takeover bid, both as a shareholder and a debenture holder.  As a shareholder, I don't like the way the share price was manipulated so they could say the offer is 2 cents, the closing price on November 9th, when the shares had traded between 2.5 cents and 5 cents for the past year except for November 9th when they forced the price down to the 2 cent

[riverrrow]

I think it's a safe bet that not all lenders to LHR are being expected to accept less than 8 cents on the dollar.  With oil and nat gas at highs again this buyout offer is opportunistic at the very least and at little cost to the buyers.  Hopefully some of the larger holders will be able to negotiate a better deal; minimum 30 cents on the dollar.  GLTA.

[BobTheKnob2]

I hate to say it, but this offer doesn't pass the smell test very well. It is all too convenient and at such an opportunistically low price. It just strikes me that if the company went into bankruptcy proceedings, debenture holders would get more than what is being offered. I don't own any shares or debentures, but I have sure looked at this company often enough over the past couple years

[alkhor]

No kidding, this deal smell to high heaven. The Lakeview Hotel website only lists the sales team up to a VP. No mention of who the executives or BoD are. A search of Lakeview Management Inc. gets nowhere as to who owns it. The only thing I have found is the potential buyers of the three different numbered companies are owned by Akbar Manji and Fayez Manji. Everything related to them seems to be