Thursday, May 19, 2022 2:59:59 PM
The 1-for-1 value of the newly swapped in asset was not added to the balance sheet in 2015.
The open question for me is why the dividend was completed with a May 15 record date, if it was to capture a 2014 asset swap. I suspect the value is embedded somewhere, possibly as an off balance sheet asset, which they may now be trying to recognize to become fully reporting.
The second question is what else do they have planned. There is a significant cash balance in the company and they wouldn't be spending all the effort to become fully reporting; declare the dividend; and become Pink current if there wasn't a bigger picture at play.
I am excited about what is to come!
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