Or is it that they have $534k in the bank, 100k still to come in and 5.34 Mil worth (based sale of 1/4 of stock held) in a company with an upcoming IPO?
Frontier Oil expects to raise P2.2b from initial public offering
http://manilastandardtoday.com/2013/09/13/frontier-oil-expects-to-raise-p2-2b-from-initial-public-offering/
