OTCPK:RKNLF - Post by User
Comment by
palekaikoon Feb 11, 2017 1:04am
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Post# 25832312
RE:RE:RE:RE:Pulled Guidance
RE:RE:RE:RE:Pulled GuidanceThis is the only logical thing I've heard/read lately. ESW picked up Wave AFTER they were bankrupt. The only reason ESW would combine Wave and RK is if there are synergies and evonomies of scale to be had. one sucking the life out of the other doesn't make sense for ESW imo.
Someone here said they were shaking the tree last week. Indeed, as skibum and others say goodbye that appears to be what is happening. i almost sold my shares on Thurs but stayed in when the price i explicably held it's ground. My eyes are on Invesco now...
MatWei wrote: I have trouble seeing how is doing a reverse listing using RKN going to give Wave and ESW any equity payout? The only cash assets in the company is the balance of the $80M after paying down the loan, and ops is still using, not generating, cash. ESW would be only be getting its own money back. RKN can't issue any more shares (who is going to buy?) and if they take out debt, that would only go onto Wave's books in a reverse listing.
I'm more of the opinion that Wave is being used as a tax shield. Huge losses from that company will absorb any gains that ESW gets from its RKN investment.