4.3M shares have been issued since the last conference call.
1) they have to pay the cash dividend in december
2) even if they raise the A/S today, it will take at least 4 weeks to become effective.
3) if they were planning to issue more shares, they should have raised the A/S weeks/months ago.
Conclusion. If they raise the A/S then the stock is dead. The market has no other option than to conclude that the company is a fraud and Solomon a crook. If SIAF is a fraud, then TRW is a fraud.
I wonder how much these idiots are even aware of it. And I don't really see the problem. TRW can repay some debt, even if it is just a couple of mil.
So the next question is, can they announce the end of dilution, and how? I think there should be a way.
