GREY:SCPZF - Post by User
Post by
pmac2015on May 12, 2015 11:40am
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Post# 23719284
Q1 Letter to Shareholders
Q1 Letter to ShareholdersKey remark is:
"We realize that this has been a difficult period for our investors and appreciate your continued support. Our top priority for 2015 is to use the tools at our disposal to close the discount to NAV. To improve our liquidity and support this effort, we are exploring opportunities to monetize some of our mature assets or those where we play a largely passive role. "
If he is referring to Union Ag and ICD then that represents over $80 million in potential divestitures. I'd prefer to see them sell Union Ag first as there is the least transparency in that asset. Either way, I'm happy with the commitment to provide liquidity to shareholders and I am quite surprised that this report is not being taken more positively by the market.