by spitthedog » Sat Feb 22, 2020 2:58 pm
Is it possible that even the online gambling part was partly a front aswell. Or, what i mean by that is are people missing the bigger picture and the ban was always gonna be the end game? So what we have here is exactly the same thing you get with 99% of Chinese companies on AIM in London ;
Built on the back of the great Chinese economy growth story, family business, no idea who actually owns the assets (probably all leases anyway/balance sheet worthless), probably countless FD's coming and going/unaccountable, huge debt and strange things on the BS.
End game, the directors do a runner, with investors and stiffed workers left scratching their heads.
Rinse and repeat in Laos or Myanmar.
Was the real biz getting money out of China into USD and sucker investment $$$$$$?
Is it possible that even the online gambling part was partly a front aswell. Or, what i mean by that is are people missing the bigger picture and the ban was always gonna be the end game? So what we have here is exactly the same thing you get with 99% of Chinese companies on AIM in London ;
Built on the back of the great Chinese economy growth story, family business, no idea who actually owns the assets (probably all leases anyway/balance sheet worthless), probably countless FD's coming and going/unaccountable, huge debt and strange things on the BS.
End game, the directors do a runner, with investors and stiffed workers left scratching their heads.
Rinse and repeat in Laos or Myanmar.
Was the real biz getting money out of China into USD and sucker investment $$$$$$?