whats right with continental and its potential, page-36

HB, from accounting point of view. it's basically Masawu had 26% share of CCLSA and didn't make any payment. So CCL treated it as the intercompany loan(Masawu owe money to CCL), everybody knows this loan will never be repaid by Masawu. Therefore, CCL will issue $5mil worth shares to Masawu to let them go and bring in the new BBBEE. The new BBBEE will acquire the 26% shares from masawu and repay part($20mil) of the intercompany loan(the loan Masawu owes to CCL. The loan is not CCC's debt, its Masawu's debt owed to CCC...