crisyl , u are correct.
Had a good discussion with a broker friend and the consultant for SSC regarding this today -
Overall,
- Money/shares will always belong to SSC holders. Always showing equity $ in the books .
-Any loans taken out will have to be pay back, before trading or taking any profit.
- Although Management will only use it to make cream,shareholders will be holding the cake ,but also enjoying eating the cake filled with cream.
-Many companies going this way due to tax reasons, rather the old way of issuing options.
-Dilution,yes but not ,funny how it sounds , will always be cash backing, likes a sophisticate holder on board, but in this case shareholders and mangers.
Overall it was positive, hopefully news flow upon us soon.
Any Questions ring consultant for SSC on 08 928 74600,very helpful if any Queries.
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