Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Longford Energy Inc V.LFD

TSXV:LFD - Post Discussion

Longford Energy Inc > dividends again!
View:
Post by dreamer05 on Apr 07, 2012 6:57pm

dividends again!

For those readers who might not understand the consequence of disadvantage for shareholders if the pay out is in the form of dividends. For every dollar you receive you have to pay back 50 cents as taxe, when you add it to your incomes. Most average readers have 100,000 shares. So the 10,000$ you receive actually is only 5000$. Most shareholders paid more than 25 cents for their shares and  most are losing their money.

I knew that because over the years more than 68 millions have spent on LFD. ( more than double ). The deal with Genel gives each share the value of about 22 cents. Most  fund companies paid lately about 16 cents.

After the pay out the share price will drop at least 10 cents the next day. If you hold on to your shares, LFD  might worth 11 cents in cash or less because the remaining cash have to feed those parasites for another couple of years. So you see, shareholders. To limit our loss, the form of payment can not be in the forms of dividends. Why not call it sell of company asset pay out, or asset liquidation pay out, or asset distribution

pay out and so on. I have repeatedly said that dividends pay out to shareholders only happen when company makes money. What a joke  if the companyis  facing bankruptcy and the left ovever return to shareholders is considered as dividends. Please think it over and see my comments worth some

further discussion among concerned shareholders.

Comment by taxistealer on Apr 08, 2012 11:26am
This post has been removed in accordance with Community Policy
Comment by dreamer05 on Apr 08, 2012 10:05pm
  To my knowledge you don't pay any  taxe,  nor can you claim any loss if LFD goes to zero.  I myself hold some LFD in the TFSA.  It is good if the stocks make money but bad it loses.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities