interesting that NordStorm and RealDutch are not in agreement whether there is value that can be unlocked. RealDutch made it clear long ago that money was needed, cash, to get operations (whether trading or ponds) to be more profitable, and, that profits at that point did not cover the outstanding old financial liabilities. if some unpaid liabilities led to someone in China getting a court order posted on at least one building, am I (or aandt) over reacting to the risk that RealDutch fears is being realized by calling it an already sunk (underwater, financially failed) business? I would love for the shares to be a lottery ticket that realizes gains, but, even if seen exactly as self-serving for the plaintiffs as NordStorm sees the filing document 101 for which a link was posted for us by RealDutch, it looks like debts that were old are alligators biting off pieces from Tri-Way. If those pieces being taken by creditors are not material to producing revenues, okay, good for remaining shareholders. are new loans going to be easy to get and on terms that generate return to equity holders if old loans led to creditors attaching assets through court orders?
I am bothered as I have previously posted by the lack of information about whether the historic ponds are producing income from growing and selling fish, in which case all can be resolved favorably by strong negotiations. If, as ZeroHedge has posted those ponds produce nothing more than algae blooms, then I cannot figure out how the future revenues can be generated in ways to benefit the existing shares of equity.
if the ponds have not been successfully generating fish that successfully generate revenues, that explains why creditors are going after the facilities as a last recourse. RealDutch once posted that big losses led to cutting off investment support for some facilities, so maybe we are seeing what was cut off. but where is the retained core, the legacy, the results from the ponds that do produce fish and income? if it is there, then the shares arguably have value, but, nobody seems to know the status, from Tony in Hawaii to anybody anywhere?
AI
