Long Run Explor Ltd Ord WFREF

RE:RE:RE:RE:RE:RE:It Aint Over Until Its Over

[BlueCollar51]

Scottie99 wrote: Thanks BlueCollar for the detailed explanation, it was really enlightening.

I was following a report on how they do business in China and this LRE deal came to mind...Something along the line that a company claimed they could not issue some documents or payments because somebody in the company had travelled with the stamp and without the stamp, the documents or payments can't be issued...

Do everyone remember the story of SinoForest and how the OSC went after them with mixed success when the company officials relocated to China...It is why I think this LRE deal stinks and sense Investment Canada through their due diligence is going to pull the plug if these guys don't walk before their third extension lapses!

From the get-go the issue has never been if the Purchasers could come up with the Cash for the Shares and Debentures it has always been if the Lenders would sign off.
 
Although the Lenders can’t block what appears to be a legitimate offer they can and have attached conditions to protect their interests.
 
In my “opinion” the biggest risk to this deal closing would be something falling apart with that part of the deal.
 
There is no reason for Investment Canada to block this offer re potential fraud. If it closes the Security Holders will have been paid exactly what they agreed to and the Lenders are more than capable of taking care of themselves.
 
As Always; Do Your Own Due Diligence; It’s Your Money !!