My god, would Morgan Stanley be providing RSO with a $250 million facility loan if these lawsuits had any validity. Of course not!
Thanks for the info NMB. Hadn't received that about the buyback being accelerated and upped? It's more than $600 million? They send me emails on announcements. I guess I may have deleted without knowing. When exactly did you get the email?
I think these lawsuit announcements (which are frivolous, IMO), the uncertainty of the Fed, and the general perception of RSO profitability in the interim are putting a lid on the Preferred shares currently. As long RSO steers clear of BK, I think the Preferred shares are good as gold.
That would be the Proxy mentioned. They will approve the reorganization overwhelmingly. I believe we'll get a pop on notice of the Filing.
First of all, all compensation plans (Officers and BOD included) are generated in advance and voted upon annually by the shareholders. So there is no secret (if anyone is implying) as regards to their salaries and option benefits. Secondly, they did reduce the spin-off to 2 companies vs. 3. Doing so does not imply anything really problematic with the spin-off that I am aware of. And lastly, Management stated that it expects to File Documents to the SEC for final approval of the Reorganization Plan before the end of the current quarter. So there are 11 more days to fact check on that.
Do you even own shares? Have never seen a post by you in the 6 years that I have been monitoring and posting on this stock forum.
If in fact Management holds to it's acknowledgement regarding filing before the end of this month, then I presume ACAS would be in the Blackout Period right now. Would that be correct?
Good strategic move if that's the case. I expect the announcement of the Filing will give the SP a need boost.
Other than stock buybacks, where is all the net revenues from these asset sales feeding into? The Asset Management spin off company or the BDC spin off company?