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Old 16-10-2018, 08:58 AM   #10
hyman
Member
 
Join Date: Mar 2003
Posts: 290
Preference Shares:
What it only means is that priority is given over that of ordinary shareholders when distributing dividends.
Qn:
1) What if there isnít any dividends in the first place?
2) How does this arrangement guarantee the principal & interest?

Joint venture:
A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
Qn:
1) What happens if instead of generating a profit, the venture ends in a loss? Am I also liable for additional top-ups if it ends in losses?
2) How does this arrangement guarantee the principal & interest?


Promissory notes:
A signed document containing a written promise to pay a stated sum to the bearer at a specified date.
Qn:
1) Isnít this promise as GOOD or as BAD as the company/person issuing the promise?
2) Will I get to see all the relevant financials of the company as well as the detailed financials of the likely PGs(Personal Guarantors) or do I need to search for all these information myself to do proper risk assessment?

Company Profile & directors information (click buy information):
https://www.acra.gov.sg/home/

Credit report and litigation search:
https://www.questnet.sg/index.asp
Thanks for expert advice.
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