Hey Bluebear..not sure if its 90 or 95% but yep they do and...

Hey Bluebear..not sure if its 90 or 95% but yep they do and that’s ANZ.

It’s a rare situation for a company like LSL to be in...But good for us.

Owning so much of the company...the company only has a couple of options...

1: Find an off market buyer for the shares they acquired

2: Put an ANZ person on the board and have some involvement

Now either way...I am sure most of us don’t care.

But the interesting thing about the LSL situation for ANZ will be the numbers.

Bluebear...I didn’t actually send you an email I sent some others.

If you look at their last 5 years of trading..these guys are actually doing really well

In fact..they pay over a 1 cent dividend each year and have for 3 years....not sure about this year....but that time is not up yet...who knows if they will do it again...but the good news is....they are making money..in profit and have over 3 million in the bank.

The reason they are 25% of the price it was 10 days ago is that Fortess thought they would out-sneak ANZ and try to stop them getting the edge on LSL.

So right now...we are in the perfect position by holding.

ANZ either holds LSL or finds an off market buyer...at these prices..they only have 10 million worth. An off market buyer might offer 6 million and be done with it but prevented or excrowed for a few years.

I talked to the company LSL who said they can only buy back 10% a year but were looking at acquiring those ANZ LSL shares...seriously though...I reckon ANZ wants them.

I am interested to see ANZ's plan.

Its a good story this one...1.5-1.8 cents..Frotess dumps 66 million to prevent ANZ gaining control...Fortess loses...some know of the ASIC situation I emailed.

Now we sit at 0.4 cents..still 75% down.

Whether ANZ stays or finds a buyer...we have a share that can move 3-4 times it price fast just to be at the price it was 1.5 cents....before the confusion and as Blue Bear said...the guilty by assosciation.

Rare situaiton..but good for us that can cash in on company;s thrown into a spin by corporate manoeuvring.

Anyway all...I notice the volume is light and some mexican standoffs. Only 4.5 million today representing buyers wanting in lower...but sellers knowing its worth a heap more.

Do some calling around...its a good situation to learn from about getting in early and knowing you have covered yourself.

Willaim did..I did...about 6 or 7 others did and we are talking. We wont be at 0.4 cents long imo......if you dont agree....just ring the company...ring Fortess...ring the ANZ that deals with it....do a couple hours of googling and then put it all together..you;ll soon see we will above 1 cent in no time.