Having nothing, they *claim* to make money at company A. Shareholders dont see it because they claim it ends up in company B's assets.
As we know company B couldn't pay it's debt, couldn't help Siaf so how can we believe it's making money? Both A and B claiming they make money but real life there's only dilution and debt and inability to pay real money.
Then comes a beautiful trick. Make a "big" ceremonial announcement how company B has great assets and businesses exactly this much and shareholders will be rewarded with it's shares! Worth this much!
A still dilutes and has no money. B still can't prove it makes money and doesn't help A in any way. Shares aren't even listed, they can just continue being broke and diluting, they won't be tested it's just in the air and the papers.
It does give a pump to the share price but nothing in real life.
In real life remains debt, dilution and being broke. But shareholders ceremonially get empty lottery tickets that can't be sold and for a brief moment they thought they got something and for a brief moment management can sell shares with higher margin.
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