As a large shareholder(6 figures) and as a chartered accountant I believe this amalgamation is not only in the best interests of shareholders but the only path forward.
A path I believe will lead to positive negotiations that will lead to the development of the Houston Project.
One does not incur the time and cost to put together a 162 page document unless one has a very good belief that this is the only path forward.
As stated in the document...."LIM Management believes that combining the shareholdings of LIMH and LIM, into a single publicly traded company, will simplify the corporate structure, improve liquidity and market capitalisation, enhance financing flexibility for the development and construction of the Houston Project, and create the best prospects long-term value for LIM Shareholders."
It has taken a great deal of time to put this together and that my friends is what management has been doing.
And remember there are only a handful of management players in the corporation.
Kearney being the lead player and a guy who has continuously advanced his own funds to ensure enough liquidity was in the firm to keep it afloat.
In my opinion the amalgamation will occur or else we would not be looking at such a document.
So please, give this guy some patience and some thanks for continuing to pursue every avenue over the past two years to advance the value of this company for all shareholders.
Lesser men would have walked away from this a long time ago.
Kearney understands the value of Houston and is hell bent on advancing it.
Just my thoughts and my opinion.
Bullish
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