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15-01-2014, 01:23 AM
The sale of the 30 Teban Gardens Crescent $6-$8mil is enough for the stated purposes of the listing or alternatively from their cashflow statement page A-7, about $7.4mil was paid as dividend to "equity owners" (who are they?) in 2012 and 2013. Not paying out those can also serve the stated purposes.
The Gohs stand to cash in $11.2mil from the IPO and probably another $5mil from the sale of the 30 Teban Gardens Crescent since they still own 70% of the company. IPO-ing is a sure way to amass great fortune but it should also create values for new shareholders. OK I might be too critical this round but if the company can demonstrate strong growing potential, then there might be a case for me but I detected none or perhaps I have not fully understand the potential(s) it has got.
Their renumeration package for the amount of profit they generates is excessive to me (sour grape?).
The Gohs stand to cash in $11.2mil from the IPO and probably another $5mil from the sale of the 30 Teban Gardens Crescent since they still own 70% of the company. IPO-ing is a sure way to amass great fortune but it should also create values for new shareholders. OK I might be too critical this round but if the company can demonstrate strong growing potential, then there might be a case for me but I detected none or perhaps I have not fully understand the potential(s) it has got.
Their renumeration package for the amount of profit they generates is excessive to me (sour grape?).