RE:changchung sinoenergy down another 8.74% last nightuograd wrote:
This whole deal just gets stinkier all the time.
I think that what “yetta” posted. Investors that have had their money locked up since Feb 19 attempting to get it back is at least part of the reason for the selloff.
I haven’t been able to verify if there is any truth to what “loarbitrage” posted or not.
That said if I was a potential Chinese participant in the PP after reviewing the Q1 results (they are what they are) I could have serious doubts re the viability of the LRE acquisition.
Anybody that thinks that if this deal falls apart the ultimate result for the Long Run security holders will be good are dreaming.
Have a good look at the Q1 results and have a good look at what Oil and NG assets have been selling for re their theoretical book value.
It’s not a pretty picture!
I have a “Small” position (Bet) in LRE.DB that based on yesterdays price is well in the money.
I haven’t made a decision but I am very tempted to take what I can get now…
As Always; Do Your Own Due Diligence; It’s Your Money !!