Thursday, February 14, 2013 3:09:38 PM
Thank-you, Bohica. A very informative post by RealDutch.
"The JV partners pay for the whole construction."
Okay, the JV partners pay for the whole construction. But SIAF has been paid tens of millions for "construction and consulting" services during that time (over $100 million revenue). On top of that, SIAF has raised tens of millions on the open market. On top of that, SIAF continues to raise millions on the open market. Where did all that tens of millions(maybe up to over two hundred million, including revenue, now) go?
I get the impression money has been shuffled around as revenue between the parties involved to window dress the company until revenues from products are realized.
Before I go all-in, I want to have all my bases covered.
"The JV partners pay for the whole construction."
Okay, the JV partners pay for the whole construction. But SIAF has been paid tens of millions for "construction and consulting" services during that time (over $100 million revenue). On top of that, SIAF has raised tens of millions on the open market. On top of that, SIAF continues to raise millions on the open market. Where did all that tens of millions(maybe up to over two hundred million, including revenue, now) go?
I get the impression money has been shuffled around as revenue between the parties involved to window dress the company until revenues from products are realized.
Before I go all-in, I want to have all my bases covered.
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