I agree with lilpuppy that we need to be informed of LLEG's equity position in NewCO, if anything... My thoughts are that as soon as the deal is final we will get a PR. Hopefully we know exactly what LLEG received for selling LBB to NewCO.
Realistically, BigBucks is probably right and I formed the same opinion last night after reading the documents on the NHSEC. The big question will be, what is our new ownership percentage in NewCo, and will it equal the same as previous (37.5%). If it is a lower percentage, what additional benefit has LLEG received (additional cash, negated risk, etc) The CEO isn't dumb, and I don't believe he will sell us down the river, but anything is possible. Most likely LLEG's position remains the same for Berlin or has decreased somewhat to bring in financing. Although, even with reduced ownership it could bring in a no cost/no risk/high profit significant (many millions) cash flow stream for 20+ years that make the new deal worth it.
I'm holding my shares tight - lets wait and see what transpires when the new information hits.
Good luck to all.
