Friday, November 09, 2007

Kenfair explained...sort of

There is a magnificently complicated document on Kenfair's website today. The legal masters of obfuscation have been burning the midnight oil.

Shares are trading again (and are up $0.15 at HK$1.30 as we speak) and a deal has been done which will see the shareholdings substantially restructured. I prepared the mindmap you can see here to try to work out what's going on (click on it to make it big enough to read). Subscribers to our Tracker service get it spelled out for them (hope I'm right!) in this week's newsletter.

Answers on a postcard please: why has Richael Hung's allocation of new shares gone up from 70 million in the announcement of 26th October to 277 million in today's new structure?

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