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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? | ||||||||||||
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