RE: Lamaune18 Jun 2025 20:08
That's my reading of it, SorB. Maybe someone else with more intelligence can confirm.
I thought my holding in Lamaune back in 2011 was then worth circa £10,000 (based on a perceived 2-3p share price when LND was trading at £2+ yes £2+) and also based on the then folks on these BBs that claimed to have BH's ear (the then CEO and founder of LND).
Now, if my facts are correct that £10,000 is worth today 6 LND shares. FFS!!!! There is a cash payment as well on top - I think - but that amounts to a pie and a pint for my holding being amalgamated back.
But no doubt someone somewhere will probably have made loads of money out of this asset along the way. Just hasn't been PIs.