The Public Documents on this company seem to portray a scenario that
might lead you to the following conclusions:
1) The main assets of the windup of XL foods are cash and saleable land plus misc. royalty payments which they value at around $.76
per share. Today's last bid on the TSE was $.38/share. Buying
a bank account at $.50 on the dollar would seem to be a prudent
investment.
2) The company plans to issue a dividend shortly.
3) The annual meeting is on August 3rd, 1999
To view the fascinating story on this "UNDERVALUED" company, visit
sedar.com .
Don't take my word for it, read the documents and draw your own conclusions. Any comments? |
