Its written in very complicated language on purpose so they could possibly be hiding something.
U could be right but paying 44.6 cents in advance when it is trading at 18 cents does not really make sense to me...
The way i read it is gbg paid 30m out of current cash reserves. So ansteel will loan kml to return it to gbg on need.
They could loan another 30m with 6% interest . If gbg cant repay in a year then they agreed to take new issues...well gbg wont be able to secure loan most likely so they willl issue shares...
I did notbget that how they can issue 13.9m for 60m so the new issues could be only for interests unlesss any accountant or experts will explain us here...
.
GBG Price at posting:
18.0¢ Sentiment: None Disclosure: Not Held
