InvestorsHub Logo
Followers 22
Posts 1835
Boards Moderated 0
Alias Born 04/27/2005

Re: lifegear post# 1465

Monday, 11/17/2008 5:20:53 AM

Monday, November 17, 2008 5:20:53 AM

Post# of 10201
Lifegear, I think LaSalle series A Preferred Shareholders will get further distribution.
-----------------

from July 8K, LaSalle:

5. Estimated timing of further dividends to the Company’s Series A Preferred Shareholders

This initial distribution to the Company’s Series A Preferred Shareholders represents a distribution of substantially all of the assets of the Company.

However, the Company still has a small number of contingent assets which may result in further realizations for the estate in the future. Depending on the outcome of the realisation efforts, an additional distribution to the Company’s preferred shareholders may be made prior to the formal dissolution of the Company.

It is anticipated that any further distributions to Series A Preferred Shareholders will occur within 12 months, although the exact timing and the quantum of any further distribution is uncertain.

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.