RE:RE:RE:sprottReflect wrote: BlueCollar51: The dumping of 7.5 mil shares on Nov. 30, 2015 & 1.8 mil on Dec. 7, 2015 are very significant events & nobody seems to know who, especially the 7.5 mil dumper is (are). Maybe, you can provide us with this info. Either they were completely unaware of the MIE deal unfolding or the new deal in the making or they wished to take a huge loss at 21 cents & less in the dump or “SHARE PRICE MANIPULATION.”
We are all aware of Yuzpe on the BoD so that is nothing new & the numbers would be in the 14% range if the executive officers & Sprott were used. This is assuming the singular Sprott is now plural shareholders. But that is irrelevant.
In the realms of conjecture; I’ve been suspecting that there is a takeover bid in play by LRE CEO Andrew, the LRE BoD (thus Sprott because of Yuzpe) & Chinese purchasers. These people (forming a new co.) are renegotiating terms with the lenders & have to present a deal that is acceptable to almost all major stakeholders in order to get it passed (they cannot afford to have any legal contention).
Also, this has to be legal & thus, all the secrecy. After reneging on the MIE deal, they have to make sure they can pull this deal off or their heads will be hung out to dry. These people are so deep in shareholder deception & fraud & illegalities it’s unbelievable. Hey wait; we’re talking about the TSX – it is believable.
Is Andrew playing a game, you bet he is.
I have absolutely no idea who it was that “dumped” 7.5m shares on Nov 30 other than it wasn’t Sprott.
You seem to be assuming that there was only one (1) seller on Nov 30 which is a ridicules assumption. Is it not possible that a Fund Manager or two or more that can understand a Financial Report and the current Market conditions had a look at the Q3 report that was released on Nov 16 and concluded;
- “The semi-annual review by the Company's lending syndicate is currently in progress and is expected to be completed by November 30, 2015” Would not end well.
- The pending MIE offer was doomed to failure.
- Weren’t aware that there would be another offer.
And started reducing their positions. The market notices the selling pressure and joins the party; stop losses kick in, the party gains momentum, more stop losses kick in and the party gets out of control. If you understand how the markets function you know that this stuff happens all too often. “Sell First, Ask Why After” (the herd mentality)
” We are all aware of Yuzpe on the BoD so that is nothing new” Who is “We”? Do you have a mouse in your pocket or are you the “self-appointed spokesperson” for the StockHouse community?
By the way is this “New”?
From Schedule B of the Document Filed on SEDAR on Dec 30;
“VOTING SUPPORT AGREEMENT This Voting Support Agreement is dated December ___, 2015 between [Name of Purchaser redacted] (the "Purchaser") and Sprott Resources Partnership (the "Securityholder").” All that is missing is a Date, The Purchasers Name and Signatures.
The two highlighted statements in your post seem to be a bit contradictory.
If there is any “Deception” it is the “Self-deception” of shareholders that think that there is much if any Equity in Long Run in the current market.
If this transaction fails Long Run is Insolvent! The remaining options are;
- Aggressively sell assets for whatever the current market will pay.
- Apply for CCAA protection and attempt to recapitalize the company.
- File for Bankruptcy now and get it over with.
Where you see a “multilevel international” conspiracy to defraud the LRE shareholders I see;
A Very F_*#ed Up Company in a Very F_*#ed Up Industry!
As Always; Do Your Own Due Diligence; It’s Your Money !! PS; The public SEDI reporting requirements for Fund managers and Institutions that are not “Significant Large Shareholders” are nonexistent. The only way to know who sold or bought what is to look at their Financial Reports and by then it’s very old news!