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IOU PWC INSOLVENCY PORTAL, page-48

  1. 6,829 Posts.
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    All can say is , when IOU had the Raised the $50 million then bought 20% of that Malaysian Financial business for $42 million alarm bells rang something was not right in that transaction possibly they cooked the books to make it sound like it was a good deal with 10% of revenue in dividends ect , if they had not of bought into that company IOU would of still had at least $30 million cash on hand , im just lucky I sold out at 9 cents ps . Hope it all works out for shareholders and they get some money back but it will be a long dragged out process at least 9 months minimum.
 
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