Pray tell who will undertake the Valuation of the Business this time ? Alexander conned the market with the Hall Chadwick valuation of Skardon River with inputs supplied by none other than Trader Vic . There was no independant perusal of these inputs particulary costs and no peer evaluation of the plant by recognized kaolin experts which in turn resulted in huge losses to rectify all the dud parts of the plant which have never operated other than at small batch levels.
The Valuation needs to be totally objective with independent cost and technology checks. The fact that there will be a lot of churn using old questionable valuatuons means another smoke and mirrors job to con the investors .
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