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Trisura Group Ltd V.TSU


Primary Symbol: T.TSU Alternate Symbol(s):  TRRSF

Trisura Group Ltd. is a specialty insurance provider. The Company is engaged in operating in surety, risk solutions, corporate insurance, and fronting business lines of the market. It has investments in subsidiaries through which it conducts insurance and reinsurance operations. Those operations are primarily in Canada (Trisura Canada) and the United States (Trisura US). Its segments include the operations of Trisura Canada, comprising surety business underwritten in both Canada and the United States, and risk solutions, fronting and corporate insurance products primarily underwritten in Canada and Trisura US, which provides specialty fronting insurance solutions underwritten in the United States. The main products offered by its surety business line are contract surety bonds, commercial surety bonds, developer surety bonds, and new home warranty insurance. Its contract surety bonds, such as performance and labor and material payment bonds, are primarily for the construction industry.


TSX:TSU - Post by User

Comment by crazyinvestoron Jul 06, 2011 4:22pm
312 Views
Post# 18803095

RE: RE: RE: RE: RE: RE: Like I said

RE: RE: RE: RE: RE: RE: Like I saidI get your jist RED_DEER but you are forgetting that when you do a rollback
the shares outstanding should decrease 80% on a 1:5 rollback. This financing
makes this deal a 1:2 when it comes to shares outsanding when its all said and done.
That is why this is a crappy deal. If TSU was to have only around 90 million shares
outstanding rather than 250 million after the rollback , it would not be so bad.
So do you see were I am coming from. When this rollback happens the s/p will have
no choice but to adjust itself to a company with 250 million shares rather than 90 million.
In other words after rollback she will pullback sharply.
To sum it up. The share holders are getting a 1:5 rollback and the shares outstanding are
going to be half of what they are now in 6 months from now. So if you wre to buy now you would
be crazy !
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