Monday, February 25, 2013

CHC updates

1) $$ insentive for every new friend confirm for senior members

chc actually pay senior members about 218.00 for every new member they brimg in that is confirmed. They also paid my fren 50.00 an hour to pack oranges in 2010 for 10 hours. So she earned 500.00 in a day.

2) Why CHC need to borrow $50 million for a hefty 15% per annum interest

The truth is CHC has no say in the renovation. When you own a 39.2% share you have no speaking rights. So CHC is forced to pay their share of the $180M asset enhancement initiative which amounts to $70.562M or stand to have their shares diluted. That explains the $50M loan taken at a hefty 15% interest which is literally unheard of.

That's $7,5M a year in interest alone. After paying back $10M still owing $47.5M. Get ready to start downgrading your flat to give to the next A&B.

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