Post by
mo1975 on Oct 21, 2016 4:21pm
true numbers
not yet six months ago.... spb was to absord nearly 500 millions dollars of cus debt...
their last 6 months result was a net gain of apprx 6 millions dollars after all expenses... since then they renegotiated credit lines...etc.. they also issue over 100 millions dollars of notes etc....
is it me or is it only for cus that it rains 100.00 dollar bill..... unless they made money somewhere else those notes add up to the 500 million that was not paid but renegotiated.... worth more ???
I would agree it has maybe more potential but not worth more thus the low bid form chemtrade
Comment by
Garfield512 on Oct 21, 2016 4:56pm
The only reason this is currently at $1.50 right now is because of Chemtrade's offer. Watch it fall back to previous levels ($1.25) after the offer expires.
Comment by
Kherson on Oct 21, 2016 8:17pm
Good points Mo. Wait until the 3rd quarter results are released. Then the real fun begins as the BOD will have no choice but to accept the Chemtrade offer! Kherson