I like hearing different opinions..but if they were going to...they probably would have started 2 weeks ago with fortess and we would have seen all the buy orders down to 0.1 cents smashed with Fortess and ANZ sitting at 0.1 cents on the sell side.
Why didn;t they. ANZ has dumped nothing to date.
The banks are into making money. Chimera / Prime Broker didn;t work out for them during which they aquaried 2.5 billion shares...yes...2.5 billion.
Thats a huge amount. on the buy side right now is 175 million shares wanted...so you are suggesting they dump that amount 14 times over?
ok...here is the most likely scenario imo.
ANZ will stay and hold and plant someone on the board through their business aquisition arm and do the company up and sell it.
or
ANZ will find a buyer for the shares...sell at a discount to the current market to the buyer (probably around 3-4 million for the 2.5 billion shares) and wipe their hands clean and record a loss for their whole involvement in the Chimera side of things.
I dont know which one they will choose but LSL is actually one of those company;s business buyers want...it actually make money.
Its got 2 directors from the now failed Chimera...but I bet they get booted soon...they dont even have any LSL shares any more.
I'm excited actually and if I can any more at 0.4..I will be beyond happy.
LSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held