>Are you saying you believe IOU have paid idsb?
What? No, I am not saying that. Try again.
>Im of the view that $21m idsb funds should've been returned
Because...? So you'd like IOU to burn the bridge with IDSB - a pretty influential player in the MY financial world.
How will burning this bridge benefit shareholders. Are you suggesting that IOU just stops trying to develop in MY?
>Just think, a shell with all debts paid, and at worse $16m in cash would be worth?
$16m absolute max, but more reasonably, somewhere around $10m. Then they would need a plan to make that $16m actually do something. What could they do with that $16m dollars within the next, say, 12 months, that would be worth more than $16m?
Oh, and also, remember, they would have the cash and a burned and influential player in the MY fintech space. But the cash, right?
Ann: APPOINTMENT OF CHAIRMAN, PLACEMENT, page-121
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