CIY
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0.00% 3.6¢ city pacific limited

takeover prospects, page-11

  1. cybachic
    576 Posts.
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    12/12/08
    23:03
    Post #: 4601586
    The FMF is receiving funds via loan repayments and sale of assets, no need to worry City Pacific is definitley receiving THEIR fees. So is the bank, and the developers are receiving further borrowings to complete projects.

    The only ones missing out are the Unit holders in the FMF. NO distributions since June 2008, redemptions frozen since March 2008.

    Funny how everyone is getting their money EXCEPT the investors .........

    (Hold CIY shares AND investment in FMF)
    CIY Price at posting: 7.3¢ Sentiment: ST Sell Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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