RE:RE:RE:Private PlacementWith respect, I totallly disagree, at least within the context of the current situation.
It is not a win/win as you seem to imply.
LME does not need the money now, and it will never be "desperate".
Issuing shares from treasury dillutes the interest of the current shareholders.
When there is a buyout, it will be for $X and that will be split amongst all the o/s shares. By increasing the number of shares, the price per share goes down.
You dont want to be selling shares for $1.05 if you think there will be a buyout in the horizon-you only do that if you really need the money, which they dont
In this case, the amount is relatively tiny, so not a big deal, but the fact remains that they must be doing it as a reward or favor for someone, because from the perspective of LME and its current shareholders, it does not make sense,