When you state a deal was done with an unknown mystery party at 20% to 25% are you referring to an interest rate or an outlay of capital expenditure from the Fund.?
All i can state regarding my knowledge on this forum is that KPMG should have a good forensic accountant on hand to research all of the PIF deals . We had some very talented people in the PIFI who were only able to scratch the surface - so to speak- and some of these transactions just did not make any commercial sense. I still have an analysis on a company called Resolute capital on one of my old hard drives that would give you or anybody else heart palpitations if they knew how their money was actually being invested .
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