Jay i agree with you. imo IFE did not need to go to the market for cash under normal circumstances. There is something new and potentially very exciting on the table.
I 100% agree that if its just a case of IFE wanting more cash on the balance sheet its within TRF's capability to provide that. Several analysts yesterday suggested they are going after $10M cash.
The real question is "whats the JV announcment "
Too early for us to want a buy out, this puppy will add rediculous multiples on its own merits in coming months, so imo we want a buy out no earlier then around late 2012. Unfortunately with the sp of TRF so subdued im worried its looking rediculously cheap to any predator watching.
Id expect more leaks today, the business channel on Austar 602, seems to have several people that knew far more then the press release said. Hopefully they today will leak the JV announcment. Not that it matters in the halt status.
Jay i agree with you. imo IFE did not need to go to the market...
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