By the way; TIM possesses a very complex structure with plenty of 'Corporation Law' restrictions. If assets sale didn't cover 50-70% of TIM loan borrowed from Banks, what would be a point to sell assets for peanuts? (Current market is cruel). Perhaps some banks would have a satisfaction, they contributed to the collapse of one more company. Here we are – smart management’s step: go into VA (not so smart in managing business activities). Further more, long period of uncertainty would hurt farmers who already face some difficulties (many of them suffer from depression).
NJ
TIM Price at posting:
4.4¢ Sentiment: None Disclosure: Held
