GREY:LGLTF - Post by User
Comment by
BlueHorseshoe13on Nov 11, 2015 8:35am
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Post# 24280293
RE:RE:RE:NR. sale of Kim okran
RE:RE:RE:NR. sale of Kim okranPurchase price is irrelevant at this point. The write down of these assets is already baked in to the share price, along with the stink of Ryu 's other blunders. Dumping liabilities and operating losses is net good for the company.
Announcing the sales pre Q3 release may be driven by OSC requirements vis a vis materiality, and less about softening a bad news story. Good chance expectations are pretty low as it is.
Q3 will likely get dragged down by severace and transition costs, but this may be offset by a favourable rev/earnings forecast. Somewhat ambivalent as I'd be happy to buy at five cents.