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Bullboard - Stock Discussion Forum Limestone Boat Company Ltd V.BOAT

Alternate Symbol(s):  LMSBF

The Limestone Boat Company Limited is a Canada-based owner and builder of Limestone Boats. The Company is a designer, manufacturer and distributor of the Limestone recreational powerboats. It is engaged in designing and developing the Limestone powerboat brand, as well as many other customer designs and yacht, including well-known sailboats. The Company focuses on producing the Limestone L200... see more

TSXV:BOAT - Post Discussion

Limestone Boat Company Ltd > What a disappointment
View:
Post by Luckierjack2 on Nov 05, 2022 6:51am

What a disappointment

The loss of a director like Ms Crooks is a big sign this company is toast.  And the financials say they are insolvent.

Nice boats but they laid off the people that make them.

This one looks done. 

LJ

Comment by Luckierjack2 on Nov 29, 2022 4:08pm
Now trading at 1 cent.  What a disaster!!!! LJ
Comment by Luckierjack2 on Jan 23, 2023 2:51pm
Filing for Chapter 7.  Looks like this one is done. Ouch.   
Comment by thorgb1 on Jan 29, 2023 10:15pm
That's the US subs filing for Chapter 11 as they restructure. Probably should have been expected. Volume and bids was interesting on Friday. Let's see if we get news this week.
Comment by Luckierjack2 on Jan 30, 2023 3:38am
The press release says the US subs are filing for Chapter 7. Liquidation, not restructuring 
Comment by Mckessa1717 on Mar 10, 2023 10:45am
This company will restructure, build a plant in New Brunswick and rise again. I suggest everyone be ready when it does.
Comment by thorgb1 on Aug 26, 2023 12:17pm
  Hopefully you are correct. Capital is tight right now, so that is not working in their favour. If they are able to resume, would love to see a pivot to focus on EV boats. Probably a roll up opportunity as well, use their advantage as a listed company with a good symbol to do some M&A with other companies to build one string company. GLTA.
Comment by Silverad0 on Nov 15, 2023 5:05pm
Did you perhaps comment on another stock?  I don't think Sonic Shares builds boats.  However as an avid boater for several decades other than a trolling motor I really don't see an application for EV boats especially of the cruiser variety.   Don't ever see the likelihood of charging stations in marinas or remote locations. 
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