FP Newspapers Inc V.FP

new 52 week high 0.51

[Zynder]

here we go!! over the next while I think 1.00 is coming. Also maybe a takeout by FPLP. It's been a long road but GLTA the believers. Z

[pennylane101]

Zynder,  I'm not sure I follow your logic. FPI owns securites in FPLP entitling shareholders to 49% of the distributable cash of FPLP  The other 51% is held by the partners and Papa Stern owns  6,000,000 of those shares.  He also owns 2,000,000 shares of FPI.  I know on SEDI it shows that there has been a change in the nature of ownership of these shares but

[Zynder]

FPLP is 49% owned by FPI. This part of the ownership was issued at a much higher price than current. If they repurchased this would they not be able to purchase back at a much lower price? Ex. If they issued the shares for 6.00 and purchased back for 1.00 would it not raise the value of the remaining shareholders interest ? We are getting profitable and if they can reduce the number of shares

[pennylane101]

Zynder,   If and when they declare dividends, you can be sure this stock will skyrocket given the low float.  I wouldn't be surprised if it jumps to 3 or 4 dollars per share.

[goodlife]

I love the optimism , however it dividends did ever happen again I think lots would have to change . I am optimistic that we can reach close to a dollar in the next 12- 18 months .    Considering they were really behind the 8 ball they have done a great job of getting themselves out of trouble .      I could be totally wrong , however I believe before it ever came to a