Last mentioned back in June http://wp.me/p1PgpH-OV
Court documents for Cagle’s liquidation (Vote on Oct. 11th) Cagle’s Disclosure Statement [Plan as Exhibit] See Exhibit B for Liquidation Analysis.
If the liquidation is approved, then shareholders who bought around $3.10 in June would net about 9% to 25% annual return depending upon how much is finally distributed. Not a home run but better than 0% to 0.05% interest rates.
| Liquidation | ||
| Not including | ||
|
1,242,462 |
Receivable due from Cagle Trusts $1,242,462 | |
|
400,000 |
Allocated surplus from AgSouth Investment $ 400,000 | |
|
100,000 |
Worker’s compensation excess refunds $ 100,000 | |
|
278,284 |
Norfork Southern claim/cause of action $ 278,284 | |
|
2,020,746 |
||
|
15,011,551 |
Proceeds for Equity Holders | |
|
4,616,202 |
Shares outstanding | |
|
$3.25 |
Per Share | |
|
$3.69 |
Possible | |
http://www.whopperinvestments.com/cagles-cagaq-update#more-1785