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Saturday, October 02, 2021 11:26:19 AM
What I don't understand is why the profits the plantations generated during the two last years are not included in the profits of HERB made in this period.
That's an assumption I made. It's the only thing that makes my theory a bit shaky. You should really check with an accountant or an expert. I don't suppose we have one around?
But it's a plausible assumption. Let's assume that they did report a profit of $200M in 2019 and 2020. Then you could ask yourself, where the hell is the money? Well, it was spun off. And then you could ask, why report the earnings if the earnings are spun off??? So it's never good, whatever you do.
The company has to be very (overly) careful not to hype the dividend or manipulate the stock. And that is what they have been doing.
That could be up to $300M in assets PLUS up to $400M in hard cash." Where do you find the number for hard cash?
I have kept track of the projections made by the appraisal firm. The plantations should have generated some $900M in cash by now. Minus the $260M in assets that we can actually find on the balance sheet, minus some $150M that has been invested in art, leaves $400M+ in cash.
It makes complete sense for them to transfer all of it to Equity Art, do you know why? Because they are planning to build one of the largest museums in the world, including a large expo center. 29x bigger than the museum they have now. Are they actually going to do this? I think so. As things are now, the whole silk route thing is less than half completed.
You can see the museum here, what it looks like. Very futuristic. Reminds me of the Predator movie.
https://www.silkroutemuseum.com/en/en_fineart_museum.htm
So I think it all adds up now.
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