Tag Archives: Liquidation

UPDATE: Cagle’s Liquidation Bankruptcy Docs. $3.25 to $3.69

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