Probably, maybe but one thing i am thinking is aboit the $20 million they sunk in at 20c.
If GXY didnt make this move, they could have lost all that. I think they didn't really have any choice but to take the loan over from Tribeca.
I dont think that it is GXY interest to have A40 in administration. If i was GXY now , i would just sit back and relax, at the end taking over A40 will probably be the best and utilise all the tax losses as mentioned.
We dont know what A40 has been able to achieve behind the scenes. But for GXY it was crucial that A40 stay out of VA.
we now wait to see whats coming from Mark Candelwood.
to be honest , i personally dont have any confidence that he is going to be able to achieve anything.
And furthermore, am really unhappy that A40 is in this situation. Should never have got here.
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