ESN 0.00% 1.6¢ entellect limited

Borris… re your statement that was in reply to me. (The...

  1. 3,857 Posts.
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    Borris… re your statement that was in reply to me.
    (The implication was that I said the funds that they are trustees of bought the shares)

    To quote you -
    “2. The owner of the shares purchased is Furneaux Equity Limited and not one of the two funds - the two funds operate in their own right and Furneaux Equity Limited is a Trustee of the two funds as well as operating in its own right:”

    The 2 references I made are to the co’s investment port folio. To quote me from 2 posts, I did not say anything about their funds and yet I apologised to you.

    Q1 - “Point is with the shares is that he did not buy them, a co that he probably has the majority holding in did and they would have more than likely been bought in the co's port folio”

    Q2 - “Hey ozzy.. the important thing is that these shares were bought by Furneaux Equity Limited, a public company and probably bought with in their investment portfolio with investors money, like I asked B.. did Kellett really use his own money as borris and odyy.. have stated?”


    THE IMPORTANT BIT –

    Also if you read all the original posts on this thread initially WE ALL thought that Kellett paid for the shares directly or at least that’s the way I read the posts, so you were not on your own! Only difference is that some then read it a bit closer and asked questionS.
 
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