hier is een antwoord wat een forumlid kreeg van AMG. AMG gaat denk ik niet voor nieuwe emissie
Thank you for your interest in AMG. In regard to Timminco, AMG announced the following yesterday:
“According to Timminco, reduced cash flows from its silicon metal operations combined with deterioration in the global solar market that adversely impacted the timing of a restart of commercial scale solar silicon production, resulted in Timminco requiring additional funding to continue existing operations. In view of the uncertain market dynamics and AMG’s overall investment priorities, AMG decided to not commit further resources.
AMG owned 41.9% of Timminco common stock as of 30 September 2011. These shares were listed as an asset on AMG’s 30 September 2011 balance sheet with a carrying value of $10.3 million. As of 30 September 2011 AMG also held a convertible note with a book value of $2.8 million and a $5.0 million account receivable due from Timminco. “
Please remember that Timminco was NOT a subsidiary of AMG. AMG was only a minority shareholder in Timminco and did not have control of Timminco. Dr. Schimmelbusch resigned as CEO of Timminco during 2011. As a result of Timminco’s actions, AMG is reviewing the value of its shares in Timminco, the value of the convertible note and the accounts receivable.
In regard to the dividend question, in connection with the 3rd quarter 2011 earnings release in November 2011, AMG stated that in accordance with AMG’s dividend policy, no dividend is proposed to be paid for the quarter ended September 30, 2011.
Thank you again for your interest in AMG.
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