Quote:
Originally Posted by EnvisionSaintJohn
That’s positive news, and you’d have to assume one of the first orders of busines for a new owner would be the swift deletion of the “upside down dress legs” design feature.
Although, a sale (which you’d assume would be for a profit) would complicate the optics of the low interest government financing that was recently granted to the developer.
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The low-interest loan was granted to a corporation, which is a separate legal entity from “the developer” you are referring to as Percy. If the project is sold, it would be the corporation selling its asset … not the individual director personally. While Percy may benefit as a shareholder, the transaction itself is corporate- not personal. Anyhow I call BS for now, because we had the exact same rumour of The Wentworth.