No way Blackstone and Quantum would allow another company to acquire LINE, and no way a buyer would want them hanging on.
Never give up and NEVER give away your dreams. Through the fog you go. Doors will open in due time.
All of that is a challenge but not a concern. Do not forget that LINE is about to finalize drilling olans with its two capital suitors and that could very well be the reason for the issuance - a reason not entirely defined before the call.
There would be competitive bids at that low price.
Anyone read the offering circular? Noticed that they have just about completed the documentation for the drilling plans being financed by their two capital backers. It will be interesing to see how that investment is deployed. As for the offering, doesn't appear to be outside their historic way of rasing money to pay off debt.
They projected a cash shortage so it's likely to cover that. Shortage was $40 million or so and so perhaps they are saying the net shortage has grown or they will cover future shortages as well.
Interesting post. I've thought for years that the auto industry is way overdue to meet an inflection point where transportation, energy and data technologies meet to change the notion about what a car is. Problem is, I don't see where one company is going to have a Henry Ford moment. Knowledge is very fungible, and whatever emerges will come gradually not in a blinding light. There might be, however, some partnerships and acquisitions that could allow one or two companies to cross the chasm as they say faster than others. But even then, their competitive advantage will be short lived. The goal for Ford should simply be to be an early innovator and then not to be left behind.
If this was good news, the CEO would be leading it. You have two finance guys running this call. What good news have you ever heard Finance deliver?
Economy and consumer demand are still pretty soft to be talking so boldly. This is an auto stock after all. Likely be up and down a buck or two for next couple of years. Good time to be accumulating for dividends and option premiums.