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Re: BGCapital post# 9409

Thursday, 02/29/2024 8:18:33 AM

Thursday, February 29, 2024 8:18:33 AM

Post# of 9444
Yes, it's way too cheap based on net assets.

They have a bunch of off-balance sheet assets as well, as I pointed out recently in the annual report. You are going to find this quite shocking. This is from the DEFM14C filing in 2015 (page 11) when they swapped out a bunch of subsidiaries in exchange for 5 high value plantations.


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