Few things stand out that I find odd and hope someone can enlighten me.
1. Why pay so much tax 9 mil cash? Maybe because of online gambling?
2. How January can be much improvement with all the virus going on in China?
3. What happened to that 10 mil account payable ?
Just as I fear, Paul the CEO played hardball with junkets and Poipet has too many casinos. Feeling the pulse of SV, you can see visitation is definitely downs. The worst thing now is he is probably not doing much at all given his tenure will end soon.
I often overestimated the intelligence of cornerstone investor, private equity and hedge fund. Buying below their purchase price and hoping to coat tail on them often backfire. Maybe I should remember the old saying, it is other people's money!
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