Case Scenario (Thum's Art)

Created by Cc Thum

Company Law issues

#Art, #Company, #Thum, #issues, #law

(1) STEPHEN & INSOLVENT COMPANIE

-DIRECTOR!!

- 2 COMPANIES

- LAST 7 YEARS

- INSOLVENT

- DIRECTOR??

(1) DIVIDENDS: How much?

1. PROFIT?

2. 15%?

3. RECOMMENDATION?

(2) CONSTITUTION: Can stop it??

CHANGED TO REDUCE DIVIDEND RATE TO "A" CLASS PREFERENCE SHAREHOLDERS?

(2) RIGHTS ISSUE

- TURMOIL IN FINANCIAL MARKETS

- SHARE PRICES FALLING

- 30%  DISCOUNT ENOUGH BUFFER?

Directors & Senior Officers

Chairperson: Yohan Le Mesurier

Managing Director: Stephen Chung

Chief Financial Officer: Li Ma

Sales and Marketing Director: Suren Chandra

Product Development Director: Victoria Moser

MULTICOIN

-Private company

- 1976

(3) CONTRACT OF EMPLOYMENT: You did it!!

- SUREN

- CONTRACTS UP TO 0.5% OF VALUE OF PRODUCTS SOLD

- FINANCIAL PLANNING ORGANISATION IN INDONESIA: FEES OF 0.85%

- DID NOT GET STEPHEN'S APPROVAL

VIDEO PRESENTATION

(3) BETTER FOR CLIENT?

RIGHTS ISSUE

A) RENOUNCEABLE?

B) NON-RENOUNCEABLE?

(5) FINANCING OPTIONS: Money Money!!

1. AMOUNT OF RIGHTS ISSUE AND RISK

2. RIGHTS ISSUE TO TIGER INVESTMENTS LTD AND PARADISE MERCHANT BANK LTD

3. CROWD SOURCED FUNDING

(4) NATASHA FERNANDEZ. How now?

- EMPLOYED BY VICTORIA, THE PRODUCT DEVELOPMENT DIRECTOR

- AS SENIOR PRODUCT MANAGER, etc...

- MADE SEVERAL ERRORS

- $95,000 ADDITIONAL EXPENSES

(4) DEBT FUNDING

- BETTER OPTION?