life Is really so unfair.
Retailer already so poor and have to buy highly toxic bonds like hyflux.
but the CEO can be board members in many companies enjoying various pay.
is it free service as board members in other companies ?
And we retailer get wipe out because they sit in many position to draw their huge salary. Are these people even affected in any way ?
now they can even make nasty decision like not to pay your bonds, not to even redeem it. set up a new entities and throw the older debts in one corner.
HOw come can resort to such dirty tricks ?
how come our financial system is so shi tty ?
rolling shitty bonds to retailer to pay for non performing company.
and the real financial expert are not doing the correct roles and even allowing them to list such bonds.
you call this world class ?
the banks have an army of investment guru behind, lawyers and analysts.
yet their loan can have tons of clause to protect them.
why ? so unfair ?
And the person or group of people who wrote the PNP clauses.
-The kind of clauses that is written for the retailer investor. never ending kind of loan.
hyfluz not happy not going to redeem the pnp bonds, hyflux happy then it will will redeem the pnp bond.
all the crappy clauses for the retailer to chew on.
And the retailer are not financial expert and they only rely on hear say.
you say this is fair or not ?
you own self judge