Maybe Get 23 Cent payout Poster SchiffKnowsBest makes a very interesting point that I believe is also a very high probability. Hedge fund types could easy push for a 23 cent payout and liquidation of LFD. I would rank this as a high probability event, for an easy quick 64% hedge fund gain.
Normally management plans wins the day. However, we could see shareholders giveen an option to elect to take 23 cents cash and cancellation of share outstanding.
However, I believe the most likely outcome; is for shareholders to be voting for a complete new corporate plan; that is a 10 cent dividend, a new property acquisition and a new FORBES management team.
The fact that 38 million shares have traded at 14.6 cents seems to indicate we will not move much lower.
GENEL has 2 billion cash, so GENEL should have no problems closing.
P.S. ShaMaran is the Optionee, its capacity building payments and work commitments are not enforceable, as such they are time limited. ShaMaran has the option to gain ownership.