15-02-2016, 01:40 PM
(14-02-2016, 11:02 PM)crubs Wrote: Boon,
Thank you once again for showing me that you do not know anything about Sino Grandness' situation !
You are right about situation D, but that is Not Sino Grandness' situation. You have missed out a major point. Do you know what you missed out ?
I suggest you read the circulars again before debating with me.
Or tell me when you give up so I can give you the answer
Oh by the way, it was also explained during the July 2012 EGM. Too bad you just started looking at this company and there's a lot that you still don't know.
Haha yes, thank you for helping me explain "Extraordinary Item". Now we are getting closer to the truth.
Hi crubs,
Your statement: “Too bad you just started looking at this company and there's a lot that you still don't know.”
True, there’s still a lot that I still do not know about this company as I had just started looking at this company recently.
There are pros and cons of being late but overall not necessarily a bad thing, I reckon.
Did I specifically say situation D applied to SG?
You could add in situation E to reflect SG’s true situation but the facts remained that interests expenses associated with CB had been incurred.
Non-cash interest expenses related to convertible bonds amounted to RMB61.8m (in FY2014) and RMB86.9m in (FY2013).
Were these interest expenses of RMB 61.8m and RMB 86.9 m “extraordinary items?
NO, there were NOT extraordinary items. There were ordinary expenses incurred by normal business operational activities.
There is nothing in the contract that specifically says these interest expenses were “extraordinary items”.
Be it the concept of “extraordinary items” or other comparable “concept”, what do you think are the “intent” and “spirit” behind the adoption of such concept in the contract?
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Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.