RE: my guess just went back and checked the lfd charts. turns out that the entire stock float has turned over in the past ninety days AND the stock has never traded above $.20 since june of 2011. so, everyone who bought stock since june of 2012, would make money on a forced liquidation. who would really be opposed to a liquidtion at this point? probably, not many people left with a high stock price basis. i know theres a few people, but the bulk of the current stockholders seem to have a lower basis than the $.21 liquidation price. why would salida pass up on a 50% gain on this investment for the BIG risk of some as of yet unidentified african oil asset, or whatever. lfd management has already said theyre moving on and taking their $$, so who would have a strong vested interest in continuing lfd as an existing entity that is spending their $$ on an new risky asset in africa or wherever? not too many people i would think. better they should pay out the $.21 and just leave lfd as a penny shell with no balance sheet and do a roll back and start a new life for lfd somewhere down the line. opinions?
btw, if they do vend in a great new asset at some point, and it is really an exciting deal, they can surly raise the funds to advance that asset, based upon the merits of that asset....if it is truly that exciting. what they are doing now is keeping the funds from kurdistan and earmarking it for some as of yet unidentified asset. makes no sense. if the next deal is going to be so great, then let the next deal be the inspiration for the new fundraising for lfd, and liquidate the funds from the kurdistan deal.
WELL DONE CINCO!