BPG byte power group limited

Ann: Appendix 4C - February 2015, page-3

  1. 26 Posts.
    What makes you think the company can't afford to pay it's staff?

    Why is the company still operating? Here is my best guess.
    The company is now essentially a wine distribution business (I don't believe the company has the 'band-width' to be active in IT and wine). I believe the wine business was created to generate a steady and relatively risk-free income for the company to pay down it's debts to related parties (potentially the company's own directors, relatives or friends). In my opinion the company has a future as a wine distribution business (beyond paying down debts). China has a growing 'thirst' for wine and I think BPG know the right people in the right places at the right time to capitalise on it.
 
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