BUT IFE IS OWNED 50% BY TRF.
IT IS COMPLETELY DECEPTIVE AND COMPLETELY MISLEADING TO SAY TRF ONLY OWNS 20% OF WILCHERRY AND IFE OWNS 80% WHEN:
1. TRF OWNS 20% DIRECTLY PLUS
2. TRF OWNS 50% OF THE COMPANY THAT HAS 80%.
3. THIS MEANS TRF'S EQUITY IN WILCHERRY IS 60%.
WITH THE CURRENT OWNERSHIP STRUCTURE IF THE OWNERS OF WILCHERRY WERE RECEIVING DIVIDEND PAYMENTS FROM PROFITS MADE THEN 60% OF THE DIVIDENDS WOULD BE RECEIVED BY TRF.
