LWP Cap Inc LXWKF

Distribution Cut Again

[bbarberayr]

Now $1.69 to $1.98 per share

Getting frustrated with these guys.  Shouldn't be that hard to figure out what a business is worth.

"The Distribution has been updated to include Capital Lease Obligations in Secured Debt Repayment, increasing this required repayment by $4.4 million."

Really wonder how they could miss something this obvious and significant 

[88guy88]

important to note that the last paragraph of the release says the anticipated payout is in a range but that payout is only if there is no breakage fees for the contracts which are huge and that means the payout could be zero if they have to pay the break fees....thats why the stock is tanking this morning

[gmarx6562]

the breakup and severance fees would reduce the eventual payout but not bring it down to zero.  otherwise the stock would be much lower than it currently is.  however i still shake my head that these guys could miss a $4.4million payment in their payout calculations and have to issue a revised distribution within 1 week.  just unbelievable.  hopefully scoular doesn't keep

[gmarx6562]

the market obviously has no coinfidence in LWP's figures anymore...considering the discount the stock is trading at versus the anticipated payout of $1.69 to $1.98....

[bbarberayr]

Hard to think anyone would buy now given what management has done in the last couple weeks.  Lot of people nd will be looking for exit points now.  Pressure will stay on the stock for quite a while I'd say.