Good Feeling Whatever is the outcome of this HALT, it is a good feeling. The company and GENEL publicly announced their discussions for LFD to sell its stake to GENEL. As such, I am inclined that they have reached a deal and to avoid possible leak and the subsequent questions and investigations that would follow from both the London and Toronto stock exchange to such leak, the managements of both LFD and GENEL decided to place a HALT . The news will likely be released on Sunday as GENEL will be presenting on Monday.
As per the offer price, I don't know but my analysis indicates that the fair value of LFD based on other deals in the area is arounf 0.425 cents.
I was the first person on this board that stated that a HALT was coming and it came. I am predicting that this is a full takeover offer of above 0.425 cents. That will be proven soon.....
After that, I will be laughing my to the bank with a beer for GOOD40, Swisstime and the rest.