LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:RE:RE:RE:RE:RE:Capex

[Goldbuggy1]

Storman wrote:
I would love to see the following happening:

1. Consolidate and streamline the Canadian operation to make it lean and more efficient. That may involves closing stores here and there.
2. Cut the dividend by 30% to preserve capital and utilize the funds for more expansion in the US.
3. Reverse split 2 for 1.
3. Start a planned and calculated espansion in the US. I Love to see this company having 80% of its revenue driven from south of the border. 
4. Convert a percentage of the executive salaries into Stock Bonuses. This will make them real partners into the bussiness.

If they can do all the above, then they mean real business.

You raised some very good points which I agree with most of them. I would love to see more diversification out of Alberta to. Executives do already have bonus tied into Stock Options, which they can't collect at this low share price, but Stocks being part of there salary seems like a good idea to me. I only hope they do to and don't quit as a result of that. The only thing I question you on is the Dividend Cut. This would more than likely result in a share price drop. Since part of your plan is for a Reverse-split, wouldn't it be better to keep the Dividend payment at $1.08 per share, and with half as many shares you actually cut the Dividend by 50% with less chance of a stock price decrease? Just a suggestion.