OTCPK:LYDIF - Post by User
Comment by
Chileanmafiaon Nov 21, 2018 1:31pm
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Post# 29005734
RE:law suit?
RE:law suit?Stone,
I see Four Options here:
1. Lawsuit - this will be long, ugly and expensive. Wouldn't be good for the government, but I don't think they will really care as they will spin this negatively and have the rant that the big bad mining company was taking advantage of them - which is utter nonsense. If you follow Eco-Oro (where Joao was CEO) you will see that these processes take a long, long, long time...
2. Takeover - this would be quick and I suspect shareholders will take it on the chin - but they could see some coins in their pocket. Now a more ideal situation would be to have a company that has had its share price beaten up a little with significant cash on hand to do a deal in both cash and shares - which could give LYD shareholders a bit of an upside down the road.
3. The new PM immediately takes action (right after the election) and deals quickly with the illegal blockades. Unfortunately, I believe more in the existence of the tooth fairy then of this actually happening.
4. Nothing - Mgt continues to play kick the can with the creditors - the walls close in and then the company goes into bankruptcy and its good night Irene.... With this option shareholders get nothing (for those of you who still may not be clear - this option is not good for shareholders!)
So I believe that at this point Option 2 could be best and if this happens and for those of you who are doubling down on the recent toilet level share price, you might even make a coin or two in the future if this option happens...