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15/02/20
13:26
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Originally posted by lahjm15:
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Just recently heard about the company through livewire and did a quick browse of their some investment research against the recent half-year accounts and prior year full year accounts. How did they manage to pay a $750,000 dividend when they made a loss? Why did they also pay $250k dividend to founding shareholders? Is the related transactions with KMP not a red flag? Company is leasing property from the CEO, the CEO provided a $500k loan to the company on 6.X% and the complexity of the holding Paygroup company acquiring the subsidiary of Payasia that the CEO and his wife are shareholders in..?
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I looked at the livewire article too. Thanks for your posting ,,,, I think i will leave this one for a while