John, you out there? The rumor is $120 an acre from Louisiana Pacific as told on the yahoo Louisiana Pacific thread. (I think as a warning to shareholders) Could be BS, but could happen this quick!!! I always thought that this was a done deal and by the notes on land evaluation in the 10ksb, they were preparing the way in November. Wood
That would change the numbers to $52 million cash, $.57 a share cash (using 90 million shares after paying RE broker and taxes) and an evaluation on the remaining Brazilian and Peruvian land and their other assets at $.44 a share. Grand total, $1.02 book value.
LPX is a large fortune 500 company that could pull this off and just came out with this News Release:
Monday March 1, 8:18 pm Eastern Time
Louisiana-Pacific files debt shelf
WASHINGTON, March 1 (Reuters) - Building products company Louisiana-Pacific Corp. filed Monday with the Securities and Exchange Commission a shelf registration to sell up to $500 million in debt securities.
Net proceeds will be used for general corporate purposes, including repayment of debt, acquisitions , research and development, plant expansion and further investments in manufacturing technology.
Louisiana-Pacific, based in Portland, Ore., is a major building and forest products firm, operating about 90 facilities in the United States, Canada and Ireland.
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