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Emilez

12/09/17 11:02 AM

#125711 RE: The Swede #125709

Thanks The Swede :-)

phoenike

12/09/17 11:22 AM

#125714 RE: The Swede #125709

there is no fixed repayment terms or interest on that,



What is the incentive for Triway to pay back the loan if they don't have to or pay to keep it ? I can't wrap my head around that. Will they depend on the leverage in ownership and CA ?

The Swede

12/09/17 5:51 PM

#125767 RE: The Swede #125709

Well, you know. I'm asked and we are asked this question each quarter and again, once those shares are in the hands of the lenders there is nothing that can be done that say that they cannot act of them on some form of fashion. What we also state it emphatically is that those has to be made available back to the company once the loan payment is made. Have already gone through this process on three different occasions and have the shares returned. So if they are selling shares or if the shares are being sold short and they could be. They will have to have their shares made availed once that loan is repaid. Meaning whatever the market price is over the prevailing price is at the time is what they will end up with having to buy out of the market in addition to any dividends which is payed, this will have to be returned back to the company for the equal amount that we distributed for the shares they may have sold in to the open market. Now we have done a formal analysis on this question and we may post a memo to that effect on the website that will allow shareholders to answer this question to them self objectively. Again I'm not sure if we are able to cover all the basis when it comes to this matter but we lay it out there, timetables and what have you, just to give a sense as to structural what has occurred and potentially shareholders may be able to interpret, maybe same as us, maybe differently than us to what might be accruing at different points in time. In regards to our share price, there are complicated issues to answer even with accurate assumptions, however we believe our share price, at least I believe they bottomed and the chances for upside is good.

Will be very interesting to see what they come up with. I know one poster that will be more active than ever once this piece is out :-)

ks1977

12/10/17 3:30 AM

#125783 RE: The Swede #125709

And they’ve already submitted their proposal to their board of directors which has deliberated the proposal and submitted a follow-up request for Tri-way’s 2017 audit


That might be the most important part in the transcript; they've talked to all the CEOs who in turn already have submitted the proposals to the board, who in turn have asked for the TRW audit, to which they got this week...

Best case; the boards have already made their minds, i.e if the audited report for TRW shows a profit of at least x, then it's a go. If so, then I guess we can get a christmas gift after all.