Post by
Tree2tree on Jun 12, 2023 1:33pm
Payday approaching
They have called a special meeting for August 15, but have not yet revealed the agenda. That is typical of this company, to keep the public in the dark as long as possible. There is a big opportunity for those who can see what's coming.
Comment by
undervalue on Jun 29, 2023 1:27pm
Hi, I bpought a small number of shares at 50 cents a while back. Any idea where the farm to be sold is? What's the size etc?
Comment by
Tree2tree on Jun 30, 2023 10:57am
I am guessing they have already sold the farm, and now they are getting ready for a cash distribution. You are going to do ok if you bought at 5o cents.
Comment by
undervalue on Jul 14, 2023 4:22pm
Proxy out, vote is to wind up co. Last crop sales netted 4.3 million, equipment 850k, and "one large farm" to be sold. Looks like over $2.50 a share min.
Comment by
ABDPhil on Aug 21, 2023 11:37am
With $1,600,000 in administrative expenses for the first 9 months, I find your results calculations very optimistic. With asset sales failing to meet fees and expenses, administrative costs will continue to erode the net value of your shares. If $2.50 is a realistic value per share for you, $0 is just as much. Time is against you, don't forget that. It's a risky bet, in my opinion.
Comment by
undervalue on Dec 22, 2023 4:13pm
So much for zero. $2.25 cash for the patient.