RE:RE:RE:RE:RE:Singapore’s love affair with student housing continues...Well Poubelle, the way I see it as to "why" we aren't at $5, some of the beds are under construction and others are on paper - CIBT isn't there yet. Will it get there is the wager.
As for "Chinese being devious", you can eaither issues millions of shares to finance, rack up massive bank debt paying interest) or you can have equity investors taking a portion of each project in return for the capital. Toby has done a good job in my opinion to keep shares outstanding low and tight. I don't want him to issue 400 Million shares for the capital needed. I like his path. If you don't, that's your prerogative. I respect that but don't think it's anything "Chinese" or deceptive. The structure is illustrated for all to see.