Looking at the balance sheet from the interim statement there is a an investment figure of...
Investments 2,658
This appears to be the same figure the co states TGP has invested in 21st century!
If thats correct the co is using creative accountancy to make the balance sheet look better.
As a consequece of 21st century only having 350k of nett assets the investment should be written off in order to establish the true net asset value of the co including any intangibles.
If that was done the balance sheet would look far far worse. Net assets wouldnt be anything like 11p per share.
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