Long Run Explor Ltd Ord WFREF

RE:Reflect

[Reflect]

That is why the 10 mil was placed in escrow as negotiated because of the reneg of the first deal. If this so called group of purchasers from Communist Red China were indeed serious about buying LRE outright, they should have declared who they were & made their intentions known to LRE shareholders with a firm monetary committment - Not negotiated a backroom deal with LRE mgt. & certain shareholders.
LRE mgt. already did their negotiating with MIE & recommended LRE shareholders to accept this deal & so now - the onus would be for the Communist to present an offer that would convince LRE shareholders to reject the MIE deal & LRE mgt. recommendation. That is how negotiations work.

I think LRE shareholders are smart enough to know what is the better deal & to follow through with it.

Just using one example of committment & there are more; this group of purchasers from Communist Red China could immediately deposit a sizable sum into escrow & then the funds would automatically go into another escrow should LRE reject the MIE deal (without the sleezy outs) & in the interm - the Comminists would begin buying LRE shares at a share price that the shareholders would see as a superior offer to the MIE deal & vote down the MIE offer & then accept the Red Chinese offer. Because the Communist are serious & monetarily committed to acquiring LRE; they would not have to worry about being outbidded because they will always come back with a superior offer.

In other words, LRE mgt. did their negotiating with MIE & now the Communist Red Chinese can negotiate with us shareholders.

If LRE shareholders accept the MIE offer & MIE then renegs; the 10 mil goes to LRE. It belongs to the Company not Andrew & the BoD.