Counter offer12 May 2025 13:44
Their offer was never made public, but if there offer is better than the current one then I'm assuming g Lumon amd or courts have to listen to it to protect shareholders who are currently making shafted by this ridiculous makes rates insider stich up
From 23rd April
Lumon was contacted by representatives of Argentex seeking Lumon's urgent support in view of its rapidly deteriorating liquidity position. Lumon has since worked at great pace collaboratively with Argentex and its advisers to develop a package of an immediate bridging loan and liquidity support in the manner described in the Announcement (the "Lumon Liquidity Proposal") as well as a possible offer in cash for the entire issued and to be issued share capital of the Company (together with the Lumon Liquidity Proposal, the "Lumon Possible Offer"). Accordingly, Lumon was surprised and concerned that the Lumon Possible Offer was unequivocally rejected.
Lumon believes that the terms of the Lumon Possible Offer are highly compelling and offered certainty to Argentex and all of its internal and external stakeholders.