svh, swift by name and nature??, page-17

SVH is registered in the BVI which is one of the worlds great tax havens. This was just a corporate play as far as I see it.

The strategy was obviously to create hype that someone paid 10c a premium and invested in a GBZ project, then hopefully the GBZ shares would increase as others would see that SVH paid 10c so it must be worth it. Once increased to 10c SVH would sell and get their cash back and keep their 17.8m FREE OPPIES worth $712,000.

For an outlay of $1.78m SVH have their cash back, sitting on $712k of profit in oppies, now own 70% of a phosphate project and GBZ is paying $280k to develop it for them.

Even better, you and I would have to pay tax on our profits but the mysterious SVH based in a tax haven presumably wont pay tax on their profits to Australia.

This was a stupid deal with an unknown partner that there is no info on and that has no record of investing in Australia. Now theres an overhang of selling pressure. With $712k in oppies it wont be long before they start slowly selling them too.