notes from singapore tele-conference, page-33

Guys the risk is still very unclear here....irrespective of what managements 'intention' here are.

The FACTS are, that the assets are booked at the value the were purchased at. Some, will show growth of 25 or even 50 percent...fantastic!!!!

The flip side, as evident in the price of the entire LPT sector, is that assets bought recently were way overpaid for. Especially as BNB was riping out massive fees for finding and packaging the assets.

So it is these overpayments that might wipe out any equity or profit of the trust....we simply do not know...and that is the risk that the market is factoring right now. This talk of $1 asset value per share is silly simply because no-body knows....simple as that.

Good luck to holders...but understand it is a gamble.

Kiril