InvestorsHub Logo

mjkiii

11/07/12 8:34 AM

#18433 RE: badge792 #18430

Canadian approval was already granted.

If you go back and read the PR's, the PDI spin-out is waiting for a capital injection from the company that the attorneys tell us can be achieved with no tax implications. Whenever the cash is available either from the bonds or a deal with Inmet, the spin-out will occur if approved by stockholders.

." I THOUGHT WE WERE WAITING FOR THE APPROVAL FROM THE CANADIAN SIDE IN REGARDS TO ALL THE RED TAPE THAT GOES WITH THE SPIN OUT ???????????? So which is it ?"

You need to keep current on your DD so that you do not get lost.
As to Zacks...December is not over yet so the forecast is still in play. Hope Steve is wrong for the reasons germaninvestor explained to you above.