Gem Equity draw down 10% VWAP Not 15% as is Novis. Draw downs are totally controlled by the Company. No part of any revenue to Gem. No royalties. The higher the share price the better Gem like it. Unlike Aust funders they don't immediately sell down to fund. They have large cash resources. Gem fund equity for a number of large companies. $145m is not unusual.
FACT: Gem withdrew facility as GGP did not respond to the offer. I believe that the whole attitude of GGP management is one of tell the shareholders nothing they only pay our wages. IG is voicing shareholders concerns and the management don't like it as they are being revealed for what they have done in the name of business. I would recommend all shareholders follow the IG website so that they can see what this management and employees/contractors of its funder Novis have done and how they are being exposed.
DYOR IMO
SG has a lot to answer for
GGP Price at posting:
10.0¢ Sentiment: None Disclosure: Held
