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RealDutch

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RealDutch

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Re: snow post# 110086

Wednesday, 03/22/2017 1:05:53 PM

Wednesday, March 22, 2017 1:05:53 PM

Post# of 163718
The partners currently own 32% + 31%. The 32% is reserved for the pre-IPO/IPO. But they can't pay the partners because Triway needs the pre-IPO money for operations. So the same amount of debt will have be booked to the partners. So nothing changes for SIAF wrt asset value. Then, after the IPO, the partbners will probably get paid. And SIAF as well, what Triway owes SIAF. So now the partners own 31% because the 32% has been issued. That's how I see it.
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