I express the same confidence for the Tri-way loan.
I agree, and the lead bank has already submitted their proposal for this positive outcome, which could be approved any day now. I am very glad Dan provided these details on the conference call, though many people haven't even listened to the call yet, or fully grasp what was said. They will when the PR is released.
I have always said there needs to be more credit given to Dan and Solomon. Right now people blame them for the share price, but all the work that has been done will pay off once they announce this loan, can buyback shares, reduce collateral shares, implement a cash dividend, and significantly increase earnings through Tri-way and CA again. The share price will be multiples higher and all of a sudden I am sure credit will be given back to them. Though they deserve it here as well, even if the market doesn't recognize it yet.
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.