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Fortress Global Enterprises Inc - Class A FTPLF

Fortress Global Enterprises Inc produces paper pulp, security papers, and other security-related products. The company through its segments produces dissolving pulp which is primarily used for viscose/rayon manufacturers in Asia. Its business is spread across Asia where it generates most of its revenues, Europe, Canada, and International.


GREY:FTPLF - Post by User

Comment by nkbourbakion Apr 08, 2019 1:57pm
64 Views
Post# 29597700

RE:RE:RE:RE:RE:RE:RE:State of FGE

RE:RE:RE:RE:RE:RE:RE:State of FGE
Contrarian333 wrote: I'm not suggesting that this would be a dilutive event.


I'm likely just daft, but I'm having trouble seeing how they can fix it without a dilutive event.  

I.Q. already owns $140m of the $220m enterprise value.  It seems you're suggesting that in some manner or another they'll pony up another $60m to take care of the converts.  But if IQ were up for this type of deal then surely they would have consummated when the converts were coming due?

Could you please explain in some detail what type of arrangment you are thinking of?  TIA

I'm also curious as to nature of Chad's retreat from the helm and the degree to which he is still involved.  He got a very generous payout.

Has anyone spoken with the company recently?   I was very surprised by the lack of questions and pretty meek answers on the call.   I couldn't join but was hoping to get some insight into the Xylitol funding negotiations, or for more clarity on expectations for Q1/Q2.




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