LWP Cap Inc LXWKF

De-listing

[cambo123]

Can someone please explain to me, in lay terms, what this de-listing means? I recall something about a distribution of $1.69-1.98 - is that not happening anymore?

Any insight would be greatly appreciated.

Thanks!
Cam

[stopedout]

They are still planning to pay out whatever net cash is left in the company, most of it in the second quarter 2016 so lets call that May with a residual payment in 2017 after they sweep up all the bits and pieces and pay the final taxes, lawyer and accountant bills. I am hoping to get something more than $1.47 by May 2016, (for a return of plus 10% for 5 months) and then a bit of a bonus in early

[bbarberayr]

The $1.69 to $1.98 was the last figures they posted, but they have warned a couple times that it may be lower than this - I'm not sure if it is because they are worried about it being lower or because they want to cover their butts after their miscues in announcing value previously. 

[stopedout]

I am going with the butt-cover theory and will hold my stock for liquidation rather than sell at $1.45. Assuming it is even tradable today or tomorrow.