Sadly, very sadly...I know, I know,I know Somebody(s) had to make a lot of money on these transactions and it most certainly was not the shareholders
What is the point of having $1.23 BILLION in debt and $5.85 BILLION in cash? Why not pay off the debt and save the expense when the cash is not generating any income to speak of ?
Yes, and much of the valuation is based on BABA's present valuation that is $48. @ sh off its high. Plenty of room on the up side for sure JMHO of course
And the return on the recently spent $20,000,000. is ? At today's price that would have bought nearly 3,000,000. Siggy shares