Longford Energy Inc V.LFD

It sucks, the whole thing

[dreamer05]

If they can extend the completed deal untile May why can't  they solicit another higher bid before  that date.There is 2 months to go. I am sure there are many  big oil companies who must be very interested.

And the so called dividends pay out. Who am I joking here. This company never made any money.  What kind of dividends you are talking about? Bankruptcy dividends? And besides dividends usually  have to pay taxes.Here I am, losing my shirt and have to pay taxes for the leftover they throw at me. I said it before if the  yes vote is really 97% then most of them should come from institution shareholders. I estimate all readers

on this board occupy less than 20 millions shares, others 30 millions may never joint this board. The rest are held by funds and so on. Some posters say holding 25% of outstanding shares can liquidate the whole

company (LFD ), or can make some dicision changes.  I would love to see that happen.

[good40]

Wouldn't you think that the KRG is in a position to disallow this transaction ?  If it goes through,  the KRG receives $26 million,  if it doesn't go through,  they could sell the license again.  Genel could pay something more than $26 million to the KRG but less than the $68 million it will currently cost them. 

[dreamer05]

That is the idea. Genel could geit it cheaper and for  free. However if LFD can get another bid from another company more than 100 millions . it is to our advantage.  That is why everyone has to vote yes, if not , Genel can  deal with  th Kurds directly and kick lfd out.