Because TRW can't pay debts, can't pay dividends, it pays with stock.
Sounds like Siaf doesn't it?
We just got confirmation they really don't have money which probably is because they have no business.
Now you will get shares of this company that can't pay debts, can't pay dividends and can't be sold cause it's not listed. How lame is that?
Imagine this: instead of this 60 million vanishing trick TRW would have paid 10% of their debt to Siaf like a decent company. That's 6 million. Siaf uses it 50/50 for own debts/cash dividend.
Soooo much more trustworthy, much better reaction from the market and actual dividend! Not to mention they would have paid half of the debt...
But no. Same BOD, same Solly, same big numbers on paper but cash vanishes.
Nothing has changed.
