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Re: RealDutch post# 125839

Monday, 12/11/2017 3:50:21 AM

Monday, December 11, 2017 3:50:21 AM

Post# of 163719

So he doesn't want SIAF to acquire 75% because now he has 100% to himself


Can it be that SIAF didn't claim the right to convert the deposit into equity in time? Or is there no timelimit as to when they can?

They have had the deposit in FF2 since at least FY2013, so I don't understand why they haven't converted already - assuming that FF2 is profitable and isn't being developped further (unless they want to wait till they get a hold on some cash, i.e repayment post TRW-loan).

He did state that it (fish pond and/or FF2) wasn't suitable for ODRAS. However, this can be an excuse to explain why they have to sell the project if it is owned illegally by CA (i.e the fish pond?)

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