1. SRS cant pay a divvy on ordinary until such time as 2 consequative distributions are paid to pxupa holders .......
2. at current int rates, SRS would need to increase profitability by circa 3+ times to enable this to occur.
however, as JamW has stated, distributions are at thediscretion of management .......
hence, it is both a value trap (if major PXUPA holders reject the offer), or a potential value play (if they accept).
interesting times ........
rgds
Value_Hunter
SRS Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
