My old post (2/5) BEFORE Bloomberg article (7/5) came out...
"If SPV is a good project, than TFA would not give 21.8% for $2m. I know Chinese thinking well, if SPV is a good project TFA should have no problem selling 21.8% to local Chinese investors and use that money to subscribe FWL shares.
Eyeoverit, you should look at MUE mc $6m owns $400m of shopping malls in Europe....
IMHO SPV might only worth $3m and they sold 21.8% for $2m.
I know in inland China they built many ghost cities, especially in that area. Do your own research on that area in China and see how many properties sold."
So this $2m share subscription at 1.8c really IMHO TFA got for NOTHING because there is a BIG question mark on value of SPV sold to FWL.
FWL board needs to consider the actual value of SPV.
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My old post (2/5) BEFORE Bloomberg article (7/5) came out..."If...
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