But wait.There's more.The company wrote off an intercompany loan...

But wait.

There's more.

The company wrote off an intercompany loan - from the holding company (AKP) to the subsidary company (the actual business vehicle in Israel) - valued at $56,220,589 as at 31/12/22 (approx. $58,000,000 Dec 2023).

After 18 years on the books of the parent company, growing each year as the subsidiary was given more & more money, they decided in Dec 2023 to write it off as irrecoverable.

I could give you a scenario to explain why they did this, but I won't.

Good luck & tell your mates to stop shitposting at me.