Longford Energy Inc V.LFD

nr today

[gillyhammer]

Well if any dividend is to be paid it is likely based on shareholder of record at the end of today (most of us reading this). The reason i believe this to be true is that the prior news releases have stated that the dividend will be paid out to shareholders of record at the time of the deal closing (today). On the issue of the dividend being paid out I don't believe that it will be the full 10cents as promised however i bilieve that it will be scaled back to reflect the amount of money that was paid to longford. I think the issue will be clarified sometime tomorrow since trading will not resume until may 2nd according to the the release.

[taxistealer]

This post has been removed in accordance with Community Policy

[taxistealer]

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[gillyhammer]

"As a part of the proceeds, the Company intends to issue a one-time dividend of CDN .10, per share, to shareholders of record after the closing of the Transaction. The remainder of funds is expected to be utilized for other international corporate development and acquisition opportunities. The Company has started a preliminary process of identifying potential assets for acquisition, including

[fritz3]

Why should it drop to .10 and why should it stay there?

[taxistealer]

This post has been removed in accordance with Community Policy

[taxistealer]

This post has been removed in accordance with Community Policy

[Baxter4]

There is no reason the trading cannot resume today unless there is more news to come. If Saliada cannot force the management to liquidate the company, they should put in a bid of 15 cents/share to buy out the company, making a 33% instant profit. 15 cents is still better than what this management will drive the share price to.

[dreamer05]

The whole deal is supposed to be rectified by the Kuedish Gouvernment. So far nothing from their part, and neither news from Genel; however only from LFD management. How about the money transfer,  we do not know if LFD receives any money from Genel. And the 10 cents pay out, which was written in black and white, and agreed by LFD , which has got to be fullfilled. Failure to do so will face

[EOIM]

The 10 cents dividend cannot be withdrawn because it was presented to shareholders for voting as a reason to accept the genel offer. If they screw it up, there would be class action lawsuit!