SBB 0.00% 1.2¢ sunbridge group limited

Lets talk about Litigation, page-19

  1. 396 Posts.
    lightbulb Created with Sketch. 199
    Seriously anybody who doesn't realise that something is off in this company needs to step back and have a real think.   The telling bit for me is that they are paying the Australian listing costs (ie, ASIC, Accountants, Lawyers, etc) out of the chairmans personal australian funds and then repaying him back.

    Page 20 - 2017 Half Year Report:

    "During the period Mr Jiayin Xu (Director) advanced funds ($233,593) to the company to meet certain operating and administrative expenses in Australia while the company transferred funds ($398,593) back to Mr Jiayin Xu (Director). The total outstanding at 30 June 2017 is $25,000 (as at 31 December 2016: 190,000)"

    If this doesn't raise serious red flags, what will?????
 
watchlist Created with Sketch. Add SBB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.