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Timeless Capital Corp V.TLC


Primary Symbol: V.TLC.P

Timeless Capital Corp. is a Canada-based capital pool company. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the exchange to complete a qualifying transaction. The Company does not own any assets, other than cash or cash equivalents.


TSXV:TLC.P - Post by User

Timeless Capital Corp > What does this mean?
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Comment by Bradamson Aug 01, 2013 9:29am
351 Views
Post# 21643383

RE:What does this mean?

RE:What does this mean?It means that it is still in every party's best interest for TLC to get financing to pay off the crytalized debt and continue its operations.

One of the larger concerns moving forward will be the time it would take for any prosepctive financer to evaluate the assets of TLC. It can be difficult to put a price tag on land in tough economic climates. 

The clock is ticking, and TLC only has a couple months or less to secure a deal before the receiver completes his strategic review process.

Those picking up shares on the way down enjoy a gamble.
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