01-10-2017, 08:16 AM
Specuvestor wrote:
"This thread has provided all the info necessary. You can't say you were ignorant investors. How the cash flows already show the original CB holders' intent. Note that the accumulated interest cost is larger than the original CB which they are still not repaying and somehow happily reducing to smaller stakes of GF. And the US$25m bank loans are secured against the book value US$100m properties PLUS personal guarantee. So much about trust.
Fool me once shame on you. Fool me twice shame on me. They restructured again in July 2017. Fourth or fifth time but who's counting. Always raising capital just before PARTIAL redemption yet they are always "ready" and TTA trust them as much as DBS trust Ezra."
How did you arrive at the US$ 100m (equivalent to RMB 670m) book value of properties being secured against the US$25m (RMB 173m) seven-year DEG loan.
How did you know Mr Huang has provided personal guarantee to the DEG loan?
If the restructuring on 28 June 2017 is the fourth (or fitfh) as you have claimed, when was the first, second and third?
Thank you.
"This thread has provided all the info necessary. You can't say you were ignorant investors. How the cash flows already show the original CB holders' intent. Note that the accumulated interest cost is larger than the original CB which they are still not repaying and somehow happily reducing to smaller stakes of GF. And the US$25m bank loans are secured against the book value US$100m properties PLUS personal guarantee. So much about trust.
Fool me once shame on you. Fool me twice shame on me. They restructured again in July 2017. Fourth or fifth time but who's counting. Always raising capital just before PARTIAL redemption yet they are always "ready" and TTA trust them as much as DBS trust Ezra."
How did you arrive at the US$ 100m (equivalent to RMB 670m) book value of properties being secured against the US$25m (RMB 173m) seven-year DEG loan.
How did you know Mr Huang has provided personal guarantee to the DEG loan?
If the restructuring on 28 June 2017 is the fourth (or fitfh) as you have claimed, when was the first, second and third?
Thank you.