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Strategies & Market Trends : Dividend investing for retirement
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To: Ditchdigger who wrote (29387)6/2/2018 5:46:34 PM
From: E_K_S  Read Replies (1) of 34328
 
RE: TIS confidentiality agreement w/ Dixie Pulp & Paper

You are correct as I see that a previous CT-Order was filled 5/8/2013 that expired 5/1/2018. There was also a CT-Order posted 6/2008. It looks like they were extended every 5 years at/around May.

So much for the CT-Order disclosure theory.

I still think there was some securitization that the bank got for their equipment and bank operating loan which may/could be what Steve posted upthread. Any time I see an Investment Banker involved, I see all sorts of fees and terms to the detriment of the common shareholder. The Investment Banker is supposed to represent both the bank and the company but the vested interests are probably more tied to the bank and TIS management not the shareholder.

I still think TIS owns some valuable assets but is at a disadvantage w/ this large debt obligation anchor around their neck. Remember in the early expansion phase, they picked up the property at a 70% discount in a bank repo/foreclosure purchase and got the County developmental agency/district to pay for a lot of the infrastructure improvements.

To see a Private Equity partner come in and take this on the cheap is/would be the ultimate value asset Buy (I like to be the Buyer in these situations). Therefore, it will take strong hands by management (w/ our banking partner) to hold out for 'fair' terms.

It's just that time is running out. It will be interesting to see how this eventually plays out.

EKS
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