EXPM:EGRGF - Post by User
Post by
lenumero66on Jul 20, 2018 11:40am
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Post# 28344649
Asset Disposition
Asset Disposition
So here we are a year after the proxy and the board has come to the same conclusion as the disidents, need to lower debt by selling assets.
Salt flats got sold for close to book value, but twinning was valued at 39.4M (based on 2017 annual report) and they only got 13.8...hopefully this is not indicitive of the true value of the rest of the assets, or this company is worthless.
We need a miracle well in Texas...