insomniac, my understanding of a balance sheet is limited. Enterprising investors pointed out, the equity account is in the black.He posted he will add more information about SKRRF, I believe today.
Please note that equity includes a $120.2 million in SKRUF at $25 par. It will take a combination of $51.3 million of income and repurchasing of SKRUF at a discount to make SKRRF equity equal to zero.
The "right side" continues to be valued at a $651.3 million discount. A SKRUF tender offer at, for example, $10, would create about $72 million in equity. If I were the CFO, I would recommend against a tender and suggest open-market purchases.
News 
Market Data 
Discover 
