Ann: Funding Agreement , page-10

If SPV is a good project, than TFA would not give 21.8% for $2m. I know Chinese thinking well, if SPV is a good project TFA should have no problem selling 21.8% to local Chinese investors and use that money to subscribe FWL shares.

Eyeoverit, you should look at MUE mc $6m owns $400m of shopping malls in Europe.

You should look at several property development projects in Australia.

If SPV is a good investment, I will ring TFA myself and put $2m to buy 21.8% of SPV... I got the cash doing nothing in Australian banks.

IMHO SPV might only worth $3m and they sold 21.8% for $2m.

I know in inland China they built many ghost cities, especially in that area. Do your own research on that area in China and see how many properties sold.

Just IMHO.