Longford Energy Inc V.LFD

Why is it trading at a huge discount

[EOIM]

The deal is suppose to close on May 1; less than 2 months.

The KRG has a good history of approving deals and LFD had already entered into an agreement with them on this deal and LFD had met their requirment regarding shareholder support.

Regarding Salida, the only rationale explanation on their move is that they want the company to liquidate 100% and return all the cash back to shareholders. They are not operators but equity traders and so want to wage a proxy battle with management to force them to refund all the casg back to shareholders  since management owns less than 4% of the company.

Hopefully, this would play out fine.

[pennyoilking]

Because nobody knows what is going on here.  A total clusterfluck.  Would be nice to get .23 cents a share in cash or even better .10 cent cash now and a massive oil project worth billions.