GGP 0.00% 0.6¢ golden gate petroleum ltd

tooth fairies and easter bunnies, page-19

  1. 7,746 Posts.
    Your posts are always very logical, but you seem to have reversed 180degrees? My memory was you were a major IG supporter a few months back?

    IMO th IG group shot themselves in the foot by voting against the new O&G guys. They asked for an open proxy and that should have given a clue.

    It is to a degree as SG said. It's about control. They didn't win, so vote against O&G. What if they'd won? Maybe still vote against them to control the board as SG said?

    And they voted against them KNOWING the results of EGM1. That makes it more concerning. Because if none of them got a seat, SG would not be left alone. He wouldn't have invited the IG on board. He would have appointed the two Franks who had already been approved. That would have been a step back.

    It was just a bad strategic move imo.

    That combined with the inability to raise funds.

    Another tilt will fail horribly imo. Because NOVUS now have more notes than ever. So same thing can/will happen next time only greater shares involved. And they might also lose some supporters.

    People want change. But their are certain things that must be done and certain things that cant be done.

    NOVUS mandate has expired. WE know that. So now is the time to draw up a non-binding term sheet. It may be non-binding but it's a lot more than just words. Then take it to SG. Earn your seat.
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