BUYOUT THEN PRIVATE?Hello Everyone:
I know alot of people are reading the LFD board. I would like to ask if it would be a good idea for investors of LFD to get together and raise about $ 15 million so that we can buy out the PSC share held by LFD and go private. Once share is in our hands we can then turn around and sell it to either Genel, Sinopec, Chevron or Exxon for 10 to 15 times what we paid for it. I do have several friends of mine whom are millionaires and I can even produce a couple of billionaries, they are not friends but people I may eventually approach to see if there is any interest. Let me know if you guys are interested in such a prospect. Of course this needs to be done properly with lawyers and a prospectus filed with the authorities and a licensed broker to do the raising of funds. Then a buyout can be launched. I do have one potential investor whom can buyout the whole firm at this level, whether they are interested is another point.
JMHO