WMCLQ (OTCBB) Westmoreland Coal Company was listed on the NYSE and filed bankruptcy on 12/23/1996. On October 15, 1998, an agreement was reached between all parties to dismiss WMCLQ from bankruptcy. A copy of agreement can been found on EDGAR. WMCLQ has 6.9 million shares outstanding, Book value of $9.58 and Cash of $11.20 per share. Revenues rose from $30.4 million to 78.8 million. Net income rose from $2.2 million to $45.8 million or $6.63 per share. WMCLQ has a NOL of over $200 million. This stock will be moved from the OTCBB to either the NASDQ or a listed exchange after the dismissal is finalized. Current bid $2.03 asked $2.09.
Appreciate any thoughts or comments that anyone may have on WMCLQ. |
