I suppose the news that many of us were waiting for concerned the investigation of the FSB into the affairs of Edwabond. An anonymous contributor kindly provided us with a news clipping (click to read) in which it was reported that the FSB had suspended the licence of Edwabond. Personally, I derive little pleasure from this event as it would have been so much more constructive if Edwabond had come out if it with a clean bill - indicating that they were above board and in a position to continue with their dedicated functions. Apparently not.
On the other hand, one realizes with some satisfaction that the FSB has been at work here, perhaps somewhat belatedly, but they do seem to have the public's interest at heart. Permit me to thank my friend Lawrence Muravha for continuously staying in touch with us all in this matter. Hey, Lawrence, you have been busy, and I haven't heard from you for a looong while. Must be that terrible office block where you chaps have to work, and that close to a ghost house of all places.
Then anonymous (it is interesting how anonymous has become a singular entity in my mind - of course they are not all the same person, but to me it has become a singular manifestation of participation), also provided some insight into the participatory role that Don Hutchinson, Simon Read and Robert Klynsmith (Kleynsmith?) are playing in our Edwafin board game. Some of the gents were seemingly involved previously in looking after the financials of Edwafin. Stincky, I would say. Although this information does not contribute much to the resolution of our predicament - unless perhaps you really want to play financial sleuth, it does contribute to building a comprehensive part of the puzzle. This, especially since those who are in charge of nothingness at Edwafin are hold all the information about them and the company so close to their hearts. The fact that they have so many things to hide, and are particularly successful at keeping it that way, just has to make one think that their are demons under the table. But we see them, don't we, so don't fool yourself Patrick, we know you by now.
Personally I think I have essentially sussed out Patrick Stapleton as an essentially sincere, probably well-meaning person with a healthy touch of egocentricity and familial partisanism running through his veins. Unfortunately, the latter seems to hinder him in his growth as a visionary businessman and prevents him from bringing his visions to fruition. At to that his rampant denialism and bingo there you have Edwafin.
Of course, there are other parties also involved in this stage play, and we have mentioned a few of them above. They are the typical archetypes of lurkers and sneakers. The lurkers we only know by name and are mere faint gossamers that form part of the décor. The sneakers on the other hand, do emerge periodically, and tiptoe on stage to contribute some meaningless prattle about dormant companies and what Edwafin is or is not, and then slither off stage again to allow the main focus to fall on the principal players. One sneaker who is rapidly becoming theme-repetitativa is called Don Hutchinson. Like in the classical Opera buffa he said at a recent meeting:
"Edwafin is profitable but has suffered hugely in terms of cash flow shortage. There are prospects on the horizon and therefore the company can trade itself out of this situation, ..."
Yes, you are correct those words are familiar, because they have repeatedly been uttered by the main protagonist of our story. Likewise, Don utters the same words but also without any sensible explanation. Lets break it down:
On the other hand, one realizes with some satisfaction that the FSB has been at work here, perhaps somewhat belatedly, but they do seem to have the public's interest at heart. Permit me to thank my friend Lawrence Muravha for continuously staying in touch with us all in this matter. Hey, Lawrence, you have been busy, and I haven't heard from you for a looong while. Must be that terrible office block where you chaps have to work, and that close to a ghost house of all places.
Then anonymous (it is interesting how anonymous has become a singular entity in my mind - of course they are not all the same person, but to me it has become a singular manifestation of participation), also provided some insight into the participatory role that Don Hutchinson, Simon Read and Robert Klynsmith (Kleynsmith?) are playing in our Edwafin board game. Some of the gents were seemingly involved previously in looking after the financials of Edwafin. Stincky, I would say. Although this information does not contribute much to the resolution of our predicament - unless perhaps you really want to play financial sleuth, it does contribute to building a comprehensive part of the puzzle. This, especially since those who are in charge of nothingness at Edwafin are hold all the information about them and the company so close to their hearts. The fact that they have so many things to hide, and are particularly successful at keeping it that way, just has to make one think that their are demons under the table. But we see them, don't we, so don't fool yourself Patrick, we know you by now.
Personally I think I have essentially sussed out Patrick Stapleton as an essentially sincere, probably well-meaning person with a healthy touch of egocentricity and familial partisanism running through his veins. Unfortunately, the latter seems to hinder him in his growth as a visionary businessman and prevents him from bringing his visions to fruition. At to that his rampant denialism and bingo there you have Edwafin.
Of course, there are other parties also involved in this stage play, and we have mentioned a few of them above. They are the typical archetypes of lurkers and sneakers. The lurkers we only know by name and are mere faint gossamers that form part of the décor. The sneakers on the other hand, do emerge periodically, and tiptoe on stage to contribute some meaningless prattle about dormant companies and what Edwafin is or is not, and then slither off stage again to allow the main focus to fall on the principal players. One sneaker who is rapidly becoming theme-repetitativa is called Don Hutchinson. Like in the classical Opera buffa he said at a recent meeting:
"Edwafin is profitable but has suffered hugely in terms of cash flow shortage. There are prospects on the horizon and therefore the company can trade itself out of this situation, ..."
Yes, you are correct those words are familiar, because they have repeatedly been uttered by the main protagonist of our story. Likewise, Don utters the same words but also without any sensible explanation. Lets break it down:
- Edwafin is profitable - were any figures of profit shown?
- cash flow shortage - a bit of a contracted tautology, but they both say "we don't have any"
- There are prospects - prospects means: nothing for sure but maybe let's hold thumbs
- On the horizon - yes, and as you move towards the horizon it keeps moving away
- Trade itself out of the situation - with what?
- The point is they needed more investors to pay existing investors, and they weren't getting any.
Then he makes a sum of R15 million in shareholders equity and R128 million invested in DMC that makes R143 million, but he neglets to tell the investors what the recent news article stated, that they had invested more than R200 million with Edwafin. And in between he slips in that the bulk of the assets sit in the Paragon derivatives which is outside the borders of our beautiful country. So most of our money is invested in overseas investments. How cute, I'm sure his mother is fond of him.
Of course, have said his lines, he again moves behind the curtains, off stage....
Of course, have said his lines, he again moves behind the curtains, off stage....
Posts
No comments:
Post a Comment