Raymond Hal's questions to MIL leadership • Q2 2015
Question
Raymond Hal from CFP Incorporated asked what the company would be left with post-bank acquisition—a charter or also assets needing disposal—and requested a more detailed breakdown of the 'other long term assets' mentioned in the press release.
Answer
CFO Sam Morrow declined to comment on the specifics of the bank's assets due to the ongoing regulatory process but stressed the value of the license. He then broke down the 'other long term assets,' stating they include equity method investments (Pea Ridge, China clinics), property, plant, and equipment (a power plant in Uganda and a processing facility in Norway), and deferred tax assets, providing approximate values for the Uganda and Norway facilities.