Take a look at the loans to hyflux.
The Perpetual and Perpetual preferences loan amount are much higher compared to every banks.
Yet the banks has a priority to claim over the retailer.
We retailer are fools.
This game is totally unfair
The bank they have their own corporate lawyers. these bank can utilize these resources to play with hyflux , the court all day long. And the banks wont feel any pinch and these lawyers are at their barks and calls. There is no extra charges for over time from the corporate lawyers. They can just use them as if free.
what do the retailer have ?
we have everything to lose.
And guess what? The retail investor stand last in the line but the retail investor loan amount is much higher compared to the banks.
why banks can claim their money back but the retailer are to get hair cuts and to lose it all.
why is this so unfair ?
who created all these unfailr rules ?
Rules are created by human.
who are these unfair people.
can we single them out ?
and may I ask is it THE KOREA DEVELOPMENT BANK, mark in red box , there is a double entry ?
how come there is double entry for this bank of similar amount?
Bank got no shareholder to answer to???
Take loss and move on with life