Void-decker: Don't be distracted. AIM to have right questions answered instead by Teo

[Confuseous]

There are too many unanswered questions pertaining to this software transaction between the town councils and AIM. As long as the mainstream media chooses to stay silent and not report anything until there is a ready explanation from the officials, it is crucial that we continue to press for answers.

But first off, we must not focus on the wrong aspects. Netizens should not harp on about sale-and-leaseback transactions which are not uncommon in business and accounting. In fact, the decision not to hold on to a costly asset on the TCs’ books might make better financial sense. Small companies with very low paid-up capital using virtual addresses and external secretarial services are also common, though how the TCs can trust one to be creditworthy is a different question. We also can’t do straight line valuations without considering discount ratios, depreciation, value-added services and other risk factors. Lastly, the tiff between Aljunied-Hougang Town Council and AIM on the service extension is irrelevant and distracts from the main issue.

These are the questions I have for MP Teo:

- http://www.voiddecker.com/2012/12/questions-on-town-councils-aim-transaction/

 

[Bigfuck]

Re: Void-decker: Don't be distracted. AIM to have right questions answered instead by

Was there a Gangam Style party for the 3 blurfucks of AIM or free PAP chocolates given? How does TC have confidence that AIM would chose NCS. Why not own software and get NCS to maintain it?
Software and system belongs to the citizens of Singapore or some blurfuck trio? As coordinating chairman of town councils, THP allowed town councils to gamble and lose millions of residents' money in minibonds. You trust his failed judgement in a good yield? Is he another Genneva Gold?

 

[Bigfuck]

Re: Void-decker: Don't be distracted. AIM to have right questions answered instead by

Up thread.