If that’s the case, then I want to see one or more superior offer(s) in the next few weeks. If LHSIF commands a much higher value, then we should see other bids soon. Otherwise, AYR is the best offer at present. It may be low, but I think that LHSIF stock may continue to be stuck without an offer or at least it will not go much higher for a while. There is a good chance that we will end up with $1 per share from AYR depending on AYR’s share value at the time of the transaction. I would prefer at least $1.5, but after the transaction is completed, AYR’s SP may increase further, as they should execute better than current LHSIF management, reduce/eliminate the Serruyas’ effect and other factors affecting the stock. In my opinion, another double may be achievable for AYR in 1-2 years..
I also hope for a better offer, but I think that I would take AYR’s offer if nothing else materializes. I think I would take $1 with added growth potential instead of probably continue floundering with the current management, possible manipulations, etc. At the same time, I do want AYR’s SP to remain above $23.08. If it drops below $20 or $15, then I would need to rethink my position because I would like to get at least $1 per share. We probably need to wait for further developments to make decisions, but my leaning at present is to vote yes to the deal if no other better offer comes our way.
All IMHO and DYOR
