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RealDutch

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RealDutch

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Re: NordStorm post# 161994

Thursday, 09/17/2020 7:31:39 AM

Thursday, September 17, 2020 7:31:39 AM

Post# of 163716
It's obvious why Solomon doesn't want to file. Let me just draw the picture here for you, NordStorm.

Suppose they want to file, it would still take many months. And if they do, they will have to write off AF4/AF5 and also the licensing right for AF5 (finally). I don't know, $100M? $200M? I would have to look it up.

Then, the TRW-receivables of some $68M. I don't think they will find an auditor unless they are completely corrupt that will still allow SIAF to book those receivables. Another write-off. And the stock dividend is obviously dead.

The good progress they made on the S-1? I knew it was a lie.

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