Ann: Blue Sky H1 FY19 Results Update, page-56

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pikel1980

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27/02/19

00:16

Post #: 37579339
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Originally posted by Canberra1: ↑

Where is the money going

2019 NEW INVESTMENTS

February 5, 2019

Blue Sky Water Fund Filing. On Jan 31 Kim Morison Submitted Form D.

https://ztribune.com/2019/02/05/blue-sky-water-fund-filing-on-jan-31-kim-morison-submitted-form-d/

"Blue Sky Water Fund SEC Form D. The New York-based Blue Sky Water Fund Lp submitted $9.47 million amount financing. The date of first sale was 2015-05-18. $9.47 million was raised by the Limited Partnership. The offering is still open.On 2019-01-31 The private offering document was filed with total financing amount of $9.47 million."

February 13 2019

https://www.commercialrealestate.com.au/news/blue-sky-lodges-plans-for-276-bed-student-accommodation

"Blue Sky lodges plans for 276-bed student accommodation in Kensington. Student accommodation provider Blue Sky Alternative Investments has lodged plans to build its first property in NSW in a proposal estimated to cost about $24 million."

"Blue Sky has acted quickly to submit plans on the land, which it purchased for $23.5 million in September 2018. The site previously had approval for a residential development with 50 units."

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ummm FYI none of those are blue sky spending items, they are investment fund spending items. Blue sky as the fund manager shouldn't be bleeding cash because of the funds doing things.

You do get the difference don't you?

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Ann: Blue Sky H1 FY19 Results Update, page-56

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