SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (53852)6/10/2014 9:57:05 AM
From: MCsweet  Read Replies (1) | Respond to of 78627
 
ASFI

ASFI announced some good news -- they voluntarily prepaid off the BMO loan, so they will be receiving the next $16.9 million of future Great Seneca payments into their earnings.

Apparently this will also result in the accounting extinguishment of one of its large debt liabilities, although the true economics of the company haven't really changed.

MC