GREY:WFREF - Post by User
Post by
soundandfuryon Dec 19, 2015 7:40pm
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Post# 24398610
re: da clock is ticking
re: da clock is tickingya that s about right...................fortunately lre has enouugh assets to interest a foriegn buyer and who knows maybe someone may come up with a bid for parts of the company like another more healthy canadian company or maybe the cpp etc etc. But the best thing for shareholders is to partner up wit the chinese and that way our equity may not get wiped out. Not much point in trying to sell the whole company because they would be hard pressed to get enough to pay all the debt and still have much money left over. The chinese mie are basically buying 50 % of lre for paying 30 % of lre debt. Its a good deal for mie.........a good deal for lre shareholders.............and a good deal for lre banking syndicate...........................................mie has done alot of due diligence on lre and has comcluded lre has a nev of 5.68 /share. Because the chinese are recieving 52% of the lre in the form of a private placement and warrants..............they have no interest what the remaining shares trade for until they have concluded the deal. This mean the more money mie puts into long run the more skin they will have in da game and da share price should react accordinly...................hence da 1.30 warrnt price...............get da share while you can at this low price and enjoy da ride up to 5.00 over the next three years....................heheh............good luck