Followers | 6 |
Posts | 1388 |
Boards Moderated | 0 |
Alias Born | 10/08/2009 |
Wednesday, February 14, 2018 4:03:11 PM
The original negative net worth that caused the draw was made up years ago. They didn't have to start paying the net worth sweep until they accumulated enough net worth to cover the senior preferred liquidation amount from the previous draws plus the previously allowed net worth (which decreased every year). Their net worth went positive when they put the DTA's back on the books and from operating profits.
Remember - they never really needed the cash from the original draws. So it sat on the books in cash and various assets they invested in since then, and is still sitting there. Just waiting to be given back to treasury if they would just allow it.
Now - if they got credit for previous dividends, or if those seniors were forgiven.... heck yeah their net worth would skyrocket. That's how some posters here get to a $180-300 per share price. Not very likely either but probably as likely as liquidation.
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM