My old post (2/5) BEFORE Bloomberg article (7/5) came out..."If...

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.