InvestorsHub Logo
Followers 10
Posts 3070
Boards Moderated 0
Alias Born 07/19/2013

Re: Trip-Fontaine post# 119411

Thursday, 09/21/2017 8:32:57 PM

Thursday, September 21, 2017 8:32:57 PM

Post# of 163716

Maybe a stupid question but: are these collateral shares entitled to Triway shares at the spinoff? And if not, what if CS are sold at the open market, will the shorter have to buy them back and hand it over before the Triway share dividend?



The collateral shares are not entitled to TRW, it's a different company.
It can of course look slightly worse financial wise since TRW are in debt to SIAF and they need to start paying back some pretty soon because of that SIAF are in such a mess.

The shares that going out to the market is because of Solomon's great financial interest in this company, it would not make any sense at all if the bank is "shorting" them, banks doesn't act like that, they have a reputation that they care about. They need to get some capital back from their loan since the security almost is gone, so they HAVE to sell shares. And it makes no sense if Solomon doesn't know anything about this. That's just BS! HE KNOWS for sure! But try to explain this mess to shareholders..

And the shares that the banks are selling will not be back as collateral shares after they've been sold, so don't expect any short squeezes or anything like that from those shares. They're in the system and will not go back.

Join the InvestorsHub Community

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.