I am a Canadian who voted yes for the deal as the majority of Canadian shareholders did. I seriously doubt that this drop in SP has anything to do with Canadians selling, regardless of what Iggy claims. It makes no sense at all in my opinion, the equivalent share price is now way below what it was when it was transferred, people who did not want the deal had plenty of opportunity to sell before the deal closed out at a reasonable price, I seem to remember the price was $1.15CA the days before L1 was de-listed or about 56.4 cents AUD. That the majority voted for the deal, I assume for the long term potential of GXY as it is pretty clear that this company has a great future. Can anyone offer an explanation why after accepting the deal, Canadians would be selling now its a double loss because there will be exchange rates and fees to pay as well I assume. I am buying, I imagine Vraetorian may also be in a simmilar frame of mind. KD
GXY Price at posting:
13.6¢ Sentiment: LT Buy Disclosure: Held
