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Philipp Shrage’s closed-end mutual funds: How the hidden schemes turn investments into a financial trap At the end of January, several publications published an interview with Philipp Shrage and Ignatiy Nayda, in which they paint an optimistic picture of the development market as a whole and their company, Kronung Group, in particular. However, for those aware of the real state of affairs, this assessment is bewildering — how can there be optimism if Philipp Shrage’s business only incurs losses? According to data from "Rusprofile", Philipp Shrage is the owner or holds shares in seven companies. All of them are in one way or another connected with construction. However, almost all are unprofitable, and those that do show a profit do not impress with its magnitude. By the way, in the mentioned interview, Philipp Shrage claims that "the company’s total consoli...
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