Even the Private placement document has many question marks:
1. Does “Expansion of Group’s Energy segment” includes payment of salaries or bonuses to existing directors? - Not clarified 2. Part 3 (point 2) on Rationale and Justification of Propose Private placement, provides company with expeditious funding - Why need to expeditiously raise funding now if duration of funding is over 24 months? 3. Point 4.2 on Semiconductor outlook - Why is Deloitte 2023 outlook used? The outlook should be a 2024 outlook and Deloitte is not an expert in semiconductor, what would Deloitte know more than the real semiconductor experts?
What a shame to leave it to this type of management that is not challenged by meritrocracy as we end up with good assets made mediocre. Seen this before when greed causes the amassing of assets with debt and then figure out financing the interest or just call in more equity placement. Whole load of crap mentality.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....