Suppose TRW issues 20M (preferred) shares for $3.40 and raises $64M. Repays SIAF half and uses the other half for new ODRAS projects. What do you think will happen to the share price?
Why preferred shares and not common shares? And what makes you believe that Solomon will spend that money to repay SIAF? Besides, if it does happen then it is either very uncertain at this point, or way in the future (considering that they cancelled the meager 2.5MUSD dividend)
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