12-08-2020, 02:57 PM
(This post was last modified: 12-08-2020, 03:00 PM by specuvestor.)
(24-07-2020, 09:04 AM)¯|_(ツ)_/¯ Wrote: There are definitely many reasons for the demerger.
However, I speculate that the strew that breaks the camel would be the thought of SMM drawing down the remaining $0.5b line of credit.
Simply this thought will cause a lot of sleepless nights.
Stay safe and stay healthy, everyone.
I think the $0.5b is no longer valid... the existing loan will all be converted to SMM shares via debt to equity swap and distributed to SCI shareholders.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
Think Asset-Business-Structure (ABS)