The management fee of BPAM is calculatedbased on the Portfolio Value of BFC of 1.2%, in another word, value of asset. 14 million placement was used to expand lacto plant, asset is developing, is it profitable? At least not in FY2021.
Resolution 6 proposed to placement, if itgot passed, the equity will be diluted again.
No profit have been reported so far. I amincreasingly concerned with this funding circle. 5 years, the current board andmanagement’s experience seems exhausted to turn the tables, time to make some changeand get some help from outside.
Vote Against to Resolution 1 and Vote Forto Resolution 2, this is our only hope so far.
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