Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Re: Taking a shot ~ Divedog
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Dec 27, 2011 01:46PM

Dec 27, 2011 09:16PM

Dec 28, 2011 09:39AM
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Dec 28, 2011 02:43PM
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Dec 28, 2011 08:49PM

Yes as of Dec 23rd that's what they owned. However, Attara is winding down and returning capital to investors, most of it at year end. Since it would be impossible to sell millions of LGDI shares in the open market, they probably arranged a transfer of some sort, perhaps at year end. Otherwise, why the conspicous removal of Attara's name from the website? If they still owned 31mm shares, wouldn't they still be considered a key shareholder?

Anyway, this stock could well be headed to zero, but year end shenanigans may be distorting the stock price. I would like to think some sort of recap is being hashed out, but that is probably just wishful thinking on my part.

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