So what should we hope for, if they keep issuing shares, don’t get the loan and don’t go on with the Triway dividend? Cause Solomon knows that after the dividend he will need to start issuing millions each time he wants to get a little cash from the stock market.
If it comes down to liquidate the company, ECAB would be the first ones getting paid.
This isn't true. There is no-one owning a special class of securities that gives them more rights. They never did (bond) and they do not now. It's all common stock outstanding.
The only thing that matters should the company liquidate all its assets is paying off the loans first. Some $11M due to third parties, another $11M to ECAB and they are likely liable for the $4.7M loan to TRW. That's about it, but rather insignificant compared the the $600M in net assets.
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