Author Topic: RB.V - Russell Breweries Inc  (Read 25552 times)

Cevian

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Re: RB.V - Russell Breweries Inc
« Reply #90 on: January 11, 2017, 04:11:51 AM »
The communication on this, or lack thereof, has been disappointing.

hillfronter83

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Re: RB.V - Russell Breweries Inc
« Reply #91 on: January 11, 2017, 04:59:13 AM »
The communication on this, or lack thereof, has been disappointing.

I imagine Sanjeev is as anxious as other shareholders to get cash distribution.

Parsad

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Re: RB.V - Russell Breweries Inc
« Reply #92 on: January 11, 2017, 08:18:34 AM »
Sanjeev, since both deals are now closed when is management planning on moving to the NEX exchange and finally distributing cash back to shareholders?

It's a public company...I cannot make a comment on this until the company has done so.

The communication on this, or lack thereof, has been disappointing.

It's not as simple as you think.  Because the company will be dissolved or sold (shell) after a year, all associated costs, tax liabilities, legal, accounting, filing costs, have to be accounted for before any distribution.  Otherwise, there may be a shortfall and we would have to claw back distributed capital from shareholders.  For a small company, it was a very complex deal.  You'll hear something soon enough.  Cheers!
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