Sunday, August 06, 2023 9:40:47 AM
Either this was a scam from the very beginning than the fins will probably show another sharp decrease in assets and likely also in revenue!!! The situation with ILDA Investment and Tecalco support this theory. Also that from 31 investments only 9 are mentioned in the last filing raises some concerns!
Or they acted very amateurishly, bought investments too fast without proper due diligence and therefore either overpaid or just spent millions for garbage! Assuming the 60 millions net profit is for real and those investments are still active, we might see a similar net profit than last quarter and can just hope the remaining assets are doing OK and haven't lost any more value!
Not having received any updates for more than half a year and having received an inconsistent Q1 filing does not help as well!
Will be interesting to see how this pans out!!!
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