It sure does look like it. Which means that the talk about reducing capex was more BS. Sure they might have reduced capex in $-amount (maybe?), but Solomon is still spending every single cent that he can on capex - and then some more. And it is killing the company. Which brings up the question; will there even be a cash dividend post TRW-loan, or will Solomon spend all the money on capex for TRW? (and if TRW doesn't need all the money it seems obvious that there is a high risk that he will spend it on capex on some of the other companies)
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