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Lakeside Steel Inc V.LS



TSXV:LS - Post by User

Post by FullSteamAheadon Jun 19, 2009 11:03pm
546 Views
Post# 16085895

Lakeside is in dire straights

Lakeside is in dire straightsYet Alboini figures it's a good time to pay out a special dividend. Just one thing - where are you going to get the money?? The last time I checked they had almost no cash left and a balance sheet that was a mess. Loads of debt, falling revenue, no cash, falling margins, and bleak prospects yet Alboini thinks paying a dividend is a wise thing.

I guess whatever's good for his bank account is all that matters.
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