RE: Reject Any Low Ball Offer!!!!! Swiss, I think the deal is concluded and managment and GENEL agreed to this. You would see a news on Monday stating that management is in support of the deal.
I would be fine with 75 cents but I am a realist. This is a non proven asset and there is still risk that it may not turn out as expected.
When you also factor in the tough market we are in and the difficulty in raising money at reasonable price plus the risk of losing the license for non payment of KRG BONUS, I think we are better walking away something than losing the it all on default notice.
Half bread is beter than none. GENEL brought life into LFD and we not blew it away. This stock was in a sinking ship and GENEL presence brought it back to life.