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Longford Energy Inc V.LFD



TSXV:LFD - Post by User

Comment by coolrunningon Jul 13, 2012 9:41am
226 Views
Post# 20110305

RE: RE: RE: Financial Post today

RE: RE: RE: Financial Post today

It is more in the sub $.17 range.  When you look at the Q1 financials and take the sale proceeds less the payables and management termination fees you get about $.17/share.  3 more months have passed, so there would be additional cost incurred (like fees for the lovely management team), so the number would likely be less than the $.17 plus you will need to take into account the cost of liquidating the company.  We know that the lawyers will take a piece of pie. 

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