To me this is an interesting and positive announcement for AWN, and is consistent with Chin’s pretty innovative thinking.
He is building out a diversified conglomerate/ investment house, which has similarities to the much larger sized SOL, but with more aggressive ROIC targets
One interesting feature of the proposed SSF is the ability for its investors (such as AWN) to convert its units in the SSF into direct holdings in underlying investments in the SSF (at for example a pre IPO stage and valuation).
Chin has obviously built up a very loyal (and wealthy) group of followers, and is now trying to leverage this.
AWN Price at posting:
91.0¢ Sentiment: Hold Disclosure: Held
