Originally Posted by
Balance
And to reinforce your point, Roger, about related party transactions - here's how SCF has been used in the last 2 years as regards related party transactions (rpt) :
On 30 June 2007, rpt were $69.5m, and shf was $209.8m.
By 30 December 2008 as the GFC bit hard, rpt was $170.2m vs shf of $250.5m.
By 30 December 2009, rpt was $295.7m vs shf of $48m (yes, $48m).
It's so blatant and arrogance - defies explanation how the independent directors and management of SCF could have approved and endorsed such transactions.
Who is kidding how?