well L/B was quick to highlight their criticism of the WCL Target Statement, referring to some points as allegedly misleading shareholders.
Please feel free to correct me here, but a quick look at their 2nd Supp Bidders Statement appears that they have made some obvious errors:
1. Second last para in Point 4 page 10 of 13 L/B says:
“......this offer will be necessarily disadvantaged if Westside pursues control......”
Is that a mistake?
Do they really mean “..... if Landbridge pursues control....”
2. page 11 of 13 they refer to the acceptance of directors and EIT.
They claim that 3 s/h sold to L/B in order for L/B to achieve its 19.9%. It says 2 former directors and the second largest s/h (EIT) sold to L/B.
But it was not just those 3 entities who sold, it was also the Skermans holdings and those of Resource & Land Mgt entities.
Am not sure what the ramifications are of the above.
Probably none.
L/B - you can have my shares for $1.00 even.
cheers
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