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ks1977

12/29/17 4:20 PM

#127380 RE: snow #127360

I assume that SIAF is allowed to repay the loans ahead of maturity (cfr that Solomon wanted to do so). Hence SIAF can repay a minor part of the loan ahead of maturity and then the lender has to return a part of the shares within three days. Then SIAF can repay another part of the loan etc etc. If SIAF waits until maturity, then things get a bit more complicated.

The Swede

12/29/17 5:20 PM

#127401 RE: snow #127360

You mean like if I have a loan on my house, the house market crashes, I let the bank have my summer house as well as collateral. On the day I pay back my house mortgage, I will let the bank keep my house and my summer house as well? Do you really see this as a possible outcome? Don't think so :-)