BFC 0.00% 0.3¢ beston global food company limited

Ann: FY2018 Financial Statements, page-9

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  1. 220 Posts.
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    C'mon, sonic, you're being a tad selective, not to say misleading with your assertion that "NO FEES HAVE BEEN PAID FOR THE LAST TWO YEARS"

    As you're no doubt aware, and as BB77 has pointed out, Sexton's management company gets a management fee regardless of performance, and it's based on gross asset value, which, in an astounding coincidence, is what the company has been focusing on growing in the books.


    Not based on profitability, not even on revenue, zilch return to the owners of the company (us) but they still keep raking it in. Maybe a resolution to wind up the company to salvage some value for shareholders should be the go at the AGM? But then Sexton and cronies are hardly likely to be the turkeys who vote for Christmas, are they?

 
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