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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Post by cincoagainon Oct 13, 2011 10:47am
251 Views
Post# 19145340

my two cents.....

my two cents.....it used to be two dollars of longford stock, which is now two cents. anyways,here is my take. the stock has been driven down, not by desperate or uninformed people. but because this is the first step in a recapitalization of the company.  not just a share of their kurd play, or even a farmout, but a corporate recap.  perhaps they do a 10 for 1 rollback and then with stock they acquire some new and exciting oil assets with cash flow and new drill prospects and new management that can underwrite the drilling of the Chia, perhaps do a financing,  and move this company forward.  Effectively the old LFD shareholders might  own 10% of the newer, more exciting company.  Thats the way out. The way vast went with selling a portion of their interest to NIKO in exchange for funding the development of the qara, did not work.  So lfd likely wont go that route and the stock is too cheap to do a private placement, too dilutive, so the scenario above is what i see.  look at todays news on ERI  for a templet of what i am describing. comments?  (tax jerk, feel free NOT to provide your commentary)
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