You need a chill pill. I am not sure why you are so caustic.
Wall means that the deal is dead not LINE/LNCO. Hey, I am a long holder of LINE, I am just looking at the facts. LNCO is at 29 or so. 29 X 1.25 = 36.25. What is BRY at today, 47, 48? Why would you agree to a $11 loss? Maybe, there is hope for prices to rise in the future. If so, I would tell LINE/LNCO to come back when they are at 40 again.
So, it seems, does the market. I cant see why BRY would finalize the deal with LNCO at these levels. Unfortunately, I think time ran out and the stock price is too low. Also the SEC hasn't issued an opinion yet. So when 10-31 comes and goes, BRY should nix the deal.
i hope im wrong. But why not announce on 10/21 that the date is 10/28 - THis is really too soon. And coincidentally after the BRY 10Q & the Bloomberg article... To me it looks like, LINN is ready to admit defeat.