Indo Global Exchanges Pte Ltd (IGEX)

[All-Bidness]

A sale requires consideration for which GreenSwan gave.

There is no law that requires the consideration of a sale to be cash upfront.

Please show me the law requiring it.

An asset on the balance sheet was sold to another entity. That asset will appear on their balance sheet.

There concept that a purchaser of an asset requires the shareholders to get a return before it's consider and asset sale is silly say best. Consideration was provided.

So every time somebody someone sells an asset for non cash and the buyer fails to achieve a ROI the transaction is voided? Really?

Once can argue the consideration was not enough or not good consideration but consideration is what constitutes and asset sale.

As far as management selling an asset of a subsidiary would the parent companies shareholders vote.

Do you understand who the shareholders of Shining Tree are?

Do GE shareholders vote everyone they pick up or sell a business?

A lawyer could explain corporate laws to you if you asked.