shorters list a big ouch, page-10

Nistrams, if NCM are precluded from making any further offers before the end of the financial year, why have they made a presentation spruiking the benefits of a merger and issued an ASX release asking for their shareholders opinion (both SINCE LGL rejected the offer). There is a 9 month standstill agreement, but as to what NCM has agreed to stand still on is not in the public arena. I doubt it is an agreement for absolutely no further offers. It is probably either an agreement not to acquire shares in LGL or an agreement not to make an offer direct to shareholders that hasn't been agreed by the LGL board.