Not in general, but in this case he is wrong I think.
SIAF is not doing anything.
FINRA have nothing to do with this.
Thats why we are “eligible” for the distribution. If SIAF do not credit the 60musd to TRW, we will not get the TRW shares.
This is a deal between SIAF and TRW.
A loss for SIAF, a profit for TRW of 60 musd. With all its consequences. In the P/L.
We, as shareholders in SIAF, as of yesterday, will get shares in TRW as a compensation.
I am happy with this as every dollar in profit for TRW gives a 10-20 times valuation for the company.
60musd times 15 is 900 musd!
