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RealDutch

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RealDutch

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Re: ValueInvestor01 post# 146747

Tuesday, 10/09/2018 1:13:05 AM

Tuesday, October 09, 2018 1:13:05 AM

Post# of 163718
The intial plan was for SIAF to distribute half (or 18.3%) to shareholders. But they can't, for tax reasons. So now TRW is distributing it in exchange for debt reduction (mosly Account Receivables).

But this means, if they stick with the plan, that SIAF will have to give 18.3% back to TRW. In which case TRW's debt will go up by $62.3M. It's ordinary debt this time so not Account Receivables.

They will also solve the problem of having A/R's over 1 year old which clearly TRW is unable to pay in cash.

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