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FP Newspapers Inc V.FP

Alternate Symbol(s):  FPNUF

FP Newspapers Inc. is a Canada-based company, which owns securities entitling it to 49% of the distributable cash flow of FP Canadian Newspapers Limited Partnership (FPLP). FPLP owns and operates the Winnipeg Free Press, along with several other Manitoba based news and media publications that are available in both print and digital formats. The informative and engaging content it produces has a reach throughout the province of Manitoba.


TSXV:FP - Post by User

Post by pennylane101on Mar 27, 2023 9:20am
250 Views
Post# 35362023

Major Investment in Equipment...

Major Investment in Equipment...For the quarter ended Sept 30, 2022, they indicated in the notes to the financial statements under "Commitments:" "During the quarter, FPLP purchased equipment in the amount of $5,876 ($3,748 USD)"    They spent $5.9 million on this and now they've decided not to go ahead with the installation of the equipment?  So what do they plan to do with it?  When the announcement of the commitment to purchase the equipment came out , it was a bit of a surprise for me.  I find it odd.
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