Post by
RiskyBiz39 on Dec 28, 2013 7:33pm
News from street
Walter is not running TID. CS is. The shares can be sold on the open market. Giving that purchaser the controling interest. To take private if so. The 109 Million shares are controled by CS. Ear marked to their debt.. This I hope would prevent Walter comming back in and trying to control on a cheap purchase those controling shares and going private. CS will demad the highest bid. Im thinkinf after 6 months. Maybe all AR;s are colected and UT is 85%. You run Eba against reduced debt, we should be a .60 company. CS will not allow Walter to take those 109 at .09. The private. Not going to happen. Im thinking we will be out around .60 in 12 to 18. No delist and no BR. Just a lean mean TID at ut of 95%.
GLTA
Comment by
benbola on Dec 30, 2013 10:52pm
Keeping the 109mm shares at arms length under separate control is exactly what should happen in a situation like this. The message from the creditors is very simply -- TID (and WD) needs to focus on improving business operations, and that's exactly what's happening.