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 ?
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.