RE:RE:RE:RE:RE:the funny thing is they are just going to assume lre debt Reflect wrote: BlueCollar51: I am truly suprised & taken back by your latest post. Surely, 200 mil in today's market for placement shares is a very substantial sum & demonstrates faith & confidence in LRE. Where were the Bankers, the Analysists etc. Or have you succombed to their market manipulation tactics & cannot understand the influence the Bankers exert in the stock market & how beholding the players are to them.
Communist China & Capitalism: It's not you I'm disappointed in, its the Canadian School System - truth has been compromised for money & you are the proof.
You have made so many errors it unbelievable. First & foremost, LRE was not in Receivership nor did it apply for Receivership Protection. It was in an agreement with MIE to which it renegged. Secondly, the Assessment Strategy was to be an exploratory avenue to arrive at values for LRE assets not a "fireside sale" to the Communists. But in no way or manner was LRE Bankrupt & LRE did not stress that LRE was totally up for sale as a whole. In fact, I did not even consider it serious nor expected any serious bidding because LRE gave the impression that it was not serious.
LRE's first responsibility is to obtain the best deal for its shareholders & this they did not do. The first deal with MIE was the best but thanks to the inactive response by the Bankers & negative analysists, MIE saw swift decline in share price. 200 mil & LRE is downgraded. What a joke & market manipulation.
And all this gross incompetence, we'll see where the LRE BoD & CEO Andrew end up - as I understand it, they are still in charge & LRE will continue the same operations & nothing changes except ownership & the Bankers love it. This is how you define gross incompetence.
First it was MIE’s responsibility to raise the $200m in Hong Kong. It wasn’t the Lenders that prevented that. Due to the continuing collapse in commodity prices they couldn’t get it done. The Chinese like to gamble but they are not stupid.
I haven’t seen any thing that says that the LRE executives will stay on or not. It does state in the 2015 AGM material that on a “change of control” if an Executive is not Terminated they don’t receive a Termination payment.
I suspect that if “The Commies” were offering $5.20 instead of $0.52 you would be “Ecstatic”. Money has a strange effect on people. When there is lots of it where it comes from looses it importance.
I am not about to debate Human Rights in China or the history of interaction between China and the rest of the world. I will point out that the Canadian Human Rights record is far from blemish free and the US record is substantially worse.
The “Commies” do seem to be quite efficient in rooting out corruption. Every now and then they go on an “Anti Corruption Crusade”, round up a bunch of Corrupt types, hold a short fair trial and then shoot them. Awfully darn efficient. Reminiscent of the American Wild West.
That’s it. Christmas looms..
As Always; Do Your Due Diligence; It’s Your Money !!