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ValueInvestor01

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ValueInvestor01

Re: RealDutch post# 145059

Sunday, 09/09/2018 2:07:44 AM

Sunday, September 09, 2018 2:07:44 AM

Post# of 163718

Perhaps ECAB is more comfortable holding debt from TRW instead of SIAF.



That would be more reasonable.


Tri-way’s audited value though I want to mention has increased in the latest 2017 audit from what was the initial value at $3.41/share and now stands at $3.85/share. This means that depending on the exact number of shares outstanding and a few other minor factors the first tranche of 12.71 million TRW shares approximately, will be distributed to SIAF shareholders and will provide SIAF shareholders with an additional $1.32 to $1.4 of Tri-way book value for each share of SIAF based on Tri-way’s current audit.



From what I understand, the Tri-Way per share has a value of $3.85. What causes the increase? And what is this "additional $1.32 to $1.4 of Tri-way book value for each share of SIAF"?
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