and so seaemay makes his challenge. iron out and truffles in. I sincerely believe you will not regret it seaemay.
fwiw,
many many yrs ago a company called polymark in uk was having probs. to get out of the mess from the 1981 crisis in uk it had to seriously reshuffle it's businesses. it created a convertible stock to raise funds at a generous coupon (interest rate). slowly but surely the company got back on it's feet. the company was a leader in commercial laundry equipment and had the franchise of the raleigh bicycle (remember them eh ?). well, as the company prospered a little, it's net cash became very much more than the mkt cap. it was now making money. it wasn't a miner so only needed cash for it's ongoing but now profitable businesses. few ever noticed the net cash but in the end one of the directors made a takeover for the company. took the cash to pay for it all and kept the balance. I see ife as this sort of thing. it happens but not at all often. rightly or wrongly I am here for this ifr / trf scenario to unwind with that port being the catalyst. to me it is very similar to that time with polymark. the day of the takeover I felt like a millyonair.
that should be 'millionaire' 40 !
so what ted, I took the money and ran, never worried about the spellin. a cool 4 grand in real pounds back then and worth nearly a yrs pay for dear ole 40 who had only recently pulled out of the rat race to go it alone in the mkts.
take care,
40.
TRF Price at posting:
13.0¢ Sentiment: ST Buy Disclosure: Held
