Ann: Disposal of a Partly-Owned Subsidiary, page-2

Talk about the board cleaning up their own mess (bar Alex). I imagine the board signed off on the million plus deals including ICS for only a 60% stake thats now selling for the est less than a 10th of purchase price, correct me if I’m wrong ….With all the financial experience by the board (bar Alex) had that in est 5 years allowed ICS mount est of $15 million plus losses, correct me if I’m wrong. So NOW it’s up for sales for less then a 10th of the price of original purchase pathetic why not keep it, and why no CEO YET.

Arguably beside ChapterTwo all the rest of Ci1’s subsidiaries are running at a loss, correct me if I’m wrong that were purchased for millions that the board (bar Alex) signed off on for approval allegedly. The very board who were involved purchasing these acquisitions (bar Alex) are the very people who got us in this mess. So for sale next OneStep , YOZO, back to Singapore again .

Very disappointing the more I think about this board (bar Alex) the more incompetence surfaces. Selling ICS next to nothing imo ypur better purchasing the whole business having full control rather than giving it away for peanuts.

not professional DYOR