It's not the only option strats but certainly looking like the...

It's not the only option strats but certainly looking like the obvious one now with what info they have supplied. Setting up a subsidiary is no biggy. Just another arm of PIIC and that's where they want this new company registered. But how does or could Nido fit into that (singapore) and how does the PIIC subsidiary do this,
" Company expects that the Transaction above will support increase of the Company's revenue, net profit and stable cash flow in long-term," by only owning 20% when 100% of the current revenue has to be used to keep the company running now. I do hope that Phil has a big plan and to be honest I really can't see him selling for 5.5 cents, but this looks like asset stripping, keep the good stuff and let it run it's course. They plan to "increase the registered capital" . That doesn't mean to me they are doing an IPO,. Just sounds like they are chucking it in the kitty. We shall see and I hope your right that there are some more twists and turns in this story to blow any measley 5.5 cents out the window. Nice work for no1 thaiger. Picked up a cool 10$mil for 18mths invested, Oh, could of been so much more. without him parting with his 20% there could of been no deal of any kind I suppose. IMO of course