No II do invest in private companies that’s the point, cav should be funding the workovers for adl to do, adl shouldn’t be funding the workovers for an investment company.
My point is Greg they are a private company meaning having shares in them is worth nothing.
Also what I don’t get -
Although officially established in 1996, Celebes Capital (PT Celebes Artha Ventura) did not begin private investing until the year 2000. While initially formed as a stock investing company, Celebes eventually evolved into private investing in Indonesia. Equipped with a highly experienced team and backed with capital, Celebes Capital had the correct ingredients to enter into this highly opportunistic space.
CAV business is to provide the funds for things like the workovers etc, why are adl supplying the funds?? It makes no sense or
they have taken from cln 373,333,333 plus 66,666,666 add that to shares in issue prior to cln of 603,970,301 gives you the current shares in issue of 1,043,970,300
The Company will apply for the new shares to be admitted for trading on AIM, and admission is expected to take place on 11 July 2019. The new total number of shares in issue will be 1,043,970,300.
they have taken from cln 373,333,333 plus 66,666,666 add that to shares in issue prior to cln of 603,970,301 gives you the current shares in issue of 1,043,970,300