Over a million short cashflow is what I come up with for the 80% interest in the chinese holding company.
I am no investment wizard and have been lurking on SI for about 2 years now, and am long on TNRG; but check my math. I called Tilton to find out that the convertible debenture loan amount is at 8% annually. I am not aware of any other special terms such as a ballooned payment on the debentures. If anyone knows anything more, please post it.
Debenture loan $48,000,000 X 8%(annually) = $3,840,000
NET 2,949,765 X 80% (TNRG's interest) = 2,359,812
DIVIDED BY THE 10 MOS AUDITED FIGURE FOR 1998 = $235,981 X 12 MOS (a projection based on the constant)=
(TNRG's) Net $2,831,772
(TNRG's annual casflow shortage) =$1,008,228
I dont want to offend anyone and fully admit I am not very astute in figuring these things out very accurately, but if anyone has checked into the same issue, for example the sage, isoman; then please lets clarify.
George |
