It is a window dressing, a result of asset revaluation How could such an event take place if the net cash flow is negative? Rappler reporters do not hink so
It defies the basic definition of business is creating customers. It is simply a result of accounting mumbo jumbo, asset revaluation and not a result of hard effort to build customer base, sell more inventories. It is just asset revaluation and not even supported by land valuation assessment by licensed real estate appraiser. No disclosure, no audited financial statement report. Is this dishonesty, a scam?
That is why while in GSB, I removed the guy from my list of idol iconic businessman.
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