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0.3¢ beston global food company limited

Ann: FY2018 Financial Statements, page-10

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SonicBlast

2,361 Posts.

32

18/10/18

13:02

Post #: 36171965
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Originally posted by macda: ↑

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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Ok you show me where in the reports that a fee has been paid? No frees have been paid as the assets of the Company have been written down by -22% while the ASX Return fund has made 13%.
No rather than making your false assertions the both pf you I suggest you READ the report.

BFC Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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