Neroon... exactly right.. so now is it better to get the ship back to sendai or let it be with shareholder?

the purchase price should be very low.. and rcps should be non-cumulative..

Hi vcinvestor,

All good points... but again forget one more thing:

Scenario 3: Eversendai builds second liftboat completes it and has increased receivables. so now both boats are sitting as receivables and loans are still high as whats is happening now. Investors think Tan Sri siphoning money at boat company and allowing sendai to fund his private venture like you mention. Share price collapse and Tan Sri make money on boat company...

At least with the consolidation of boat company there is earnings moving forward for 5 years to pay debt no?

you should only say the purchase consideration should be very low to sendai for this to be fair to minority shareholders.

vcinvestor.. all good points except one thing maybe you need to add.. if it is a mistake.. isn't it better Tan Sri gets more shares in sendai? then later he bears more of the loss. Also.. investors must decide to rather have receivables keep going up or earnings from the 5 year contract?

50k value... come down 1 sen d.

no volume at all. just sliding down cause small players throwing.

i suppose 2019 year is no hope