Longford Energy Inc V.LFD

no dividend

[discern1]

See latest wiretap

 

CALGARY, ALBERTA--(Marketwire - May 29, 2012) - Longford Energy Inc. (NEX BOARD:LFD.H) ("Longford" or the "Company")announces that following a thorough internal review, the Company has determined that it will not complete a return of capital to shareholders using the proceeds from the recent sale of the Company's assets in the Kurdistan Region of Iraq (the "Sale Transaction").

[Bpultra]

Unreal how this could happen..   Company News Alert for Longford Energy   Longford Energy Inc. Provides Corporate Update     CALGARY, ALBERTA--(Marketwire - May 29, 2012) - Longford Energy Inc. (NEX BOARD:LFD.H) ("Longford" or the "Company") announces that following a thorough internal review, the

[Bpultra]

I have seen everything now... how you can ask for a vote.. take the vote.. get the money and then say sorry we chancged our minds?  Is this for real?

[discern1]

How can they rightfully state that the largest investors support this plan.  Anyone have the list of the largest investors so that we can contact them directly and ask them if they are supportive of this action?

[Gray_Wolf]

lets hope that they have a good plan and the largest investor really supports this plan. 

[Bpultra]

lets hope that they have a good plan and the largest investor really supports this plan =========== Part of the plan is to make sure we get some good wages too!!

[RockLobster1]

They are crooks and lyers at F&M.  They would know how the largest investors feel before putting down that they'd pay a 10 cent dividend to vote on, total BS if they are making that excuse. I also don't understand why they get their change of control payouts when there has not been any forced change of management.  They are simply selling one property to buy another. Total

[rumourmill]

I guess the $5M in fees the management is taking is better in the pockets of management especially in these market conditions....makes sense.

[Gray_Wolf]

Lesson 1: Think twice before buying a stock from Torronto Stock Exchange. If 1/10 of what was happened in LFD was happened in any stock listed in the Zambian stock exchange, the management and insider traders would be punsihed. Stan Bharti is really a scammer.    

[dreamer05]

All LFD management including Said, should be punished and put in jail for their action. They are crooks, scammers, con artists you name it and that is what they are. Just make sure they are not getting away with all the moeny they screwed shareholders.