Narrishkeit wrote: Shedthebu11 wrote: Anyone Know what the deal Is with the reversal of the $870 million of the Kentucky judgement? does that get added to the next quarter? how is that going to affect their quarterly results? if at all! does anybody know how it works? is it going to show as as positive cash?
The deal is Solarman is obsessed with this judgement yet has no clue and has never demonstrated an understanding of what the numbers actually mean.
TSG posted a 100 million supersedes bond in 2016 to stay enforcement of the 870 million judgement pending appeal.
35 million in cash and collateral(don't know the breakdown) and 65 million in letters securing credit.
So at best they get back the cash <35million but this would never be considered revenue. I haven't seen it mentioned whether they got back this bond yet or not, it was not mentioned and no questions were asked about it during the call.
In short a clueless 'internet analyst' Solarman thinks this is important, yet Marlon Goldstein legal council liason for TSG didn't speak to it and no analyst brought it up on the conference call. Rafi mentioned the judgement reversla but not details on the bond because it is not significant.
I don't know how they accounted for the bond their books but it has a negligible impact on their debt leverage as stated by their CFO last year.
Further, the 300 million escrot funds are also not meaningful either as that money belongs to the Scheinbergs and will be released to them once appeals or the deadline for appeals has been exhausted.
70 million of cost synergies to be realized and forecasted revenue synergies also expected but not with a static number attributed to them. Now that is worthy of discussion not Kentucky at this point.