GREY:ALARF - Post by User
Post by
daddyMac9on Oct 05, 2016 5:16pm
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Post# 25313980
Writedown on Solowave
Writedown on SolowaveGiven they were carrying Solowave at a fair value of $51.7M at June-16, and they just got $44.6M one would expect a writedown of $7.1M. Also they're selling units yielding say 15% and paying down debt costing ~5%, so until they announce another royalty partner their cash flow is significantly weakened.