Hi tripleg, Well, the major related party (ie. EWI) does not...

Hi tripleg,

Well, the major related party (ie. EWI) does not share your assessment re: EWC: since 1 July 2015 EWI bought a further 1.536million EWC shares. An independent non-executive director also increased his EWC shareholdings by 50% since mid June, 2015.

It would appear that these parties/people ‘in the know’, did not just read page 112 of the 2015 as you seem to have done (ie. your reference to $25million EWI loan at 7%) but also read pages 6 and 79 (ie. $335 million payables to Slipform deferred to 1 October, 2016 or until the company is able to pay these debts) and page 113 (ie. $25 million convertible note to EWI at same conditions (including 2.5% coupon) as $50million convertible note to SCPE and concluded that these (and all the other) financial arrangements are very positive for EWC, indeed.