unless your keen on using your shares to actively vote agains't under performing board members. I personally think a wong family member will try at some point to become a board member, i will promptly vote for them to be removed immediately.
Lets have an overview of the business currently:
- deteriating business in its singapore operations
- Huge staff costs in running the HK business particularly the trustee work, potential for profit increase if the job can be done cheaper then JW.
- BNPL barely brings any revenue and has prompted write downs for two finacial years straight. look at the projected growth on the bnpl from the annual report, really nothing to be excited about.
- Chapter two company peers are droping like flies i think i'v posted about two similar business now being caught by asic but just for good measure heres a third.https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-243mr-asic-succeeds-in-obtaining-orders-against-debt-wipeout/
I'v always said ever since chapter two put out a release saying they can gaurantee no default on your debt, that company was living on borrowed time.
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