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jyyoo

03/29/18 12:58 PM

#133148 RE: Andrew26 #133137

The difference is Solomon is about to finally get $80-100 Million USD from a group of banks as opposed to shareholders..Such an event is unprecedented in SIAF history (ECAB convertible loan is the closest and we saw what happened afterwards) and would not have been possible without the arduous COSO process that gave us an independent Tri-way. With the loan, shareholder friendly actions can finally be taken (buybacks/cash dividends/cap on share count) and without the constant selling pressure the company can work towards reaching an appropriate valuation. The share price we are seeing is a refusal of shareholders to finance Solomon anymore.