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Lignol Energy Corporation V.LEC



TSXV:LEC - Post by User

Comment by M101on Sep 03, 2014 2:29pm
370 Views
Post# 22902351

RE:RE:RE:RE:Shake-up at LEC's creditor

RE:RE:RE:RE:Shake-up at LEC's creditorYou may be right, DCF may have planned to strip LEC's IP assets right from the start using near worthless Aussie biodiesel assets as the bait. That being done Wekerle has increased his hold on DCF to almost 30%, so the price is headed back up. Who is Wekerle?   https://www.torontolife.com/informer/features/2013/10/16/the-oracle-of-bay-street-michael-wekerle/?page=all#tlb_multipage_anchor_1

But I'm not really into conspiracy theories. I doubt Wekerle has patience to wait for the next election in Australia, but he may have no choice as the assets individually are nearly worthless as long as the coal industry is running the show.  As for Lignol absorbing management from it's acquisitions, I'm not aware of any golden parachutes and obviously any equity based incentives are now worthless. 
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