Ann: GXY: Acquisition of Senior Secured Debt Facility, page-159

Yes Kropka, in my view Calderwood has gone from being TAW's biggest asset to being A40's biggest liability.

Should he somehow get us out of this sheet, no standing ovation is deserved for it as it was for his own mismanagement as to why we are here to begin with.

In my own view and reading between the lines, Tribeca didn't default the project, they essentially pulled the plug on their backing for Calderwood with the performance rights/ employment severance entitlements & name changes being the final straw.

GXY involvement at this stage can only be a good thing.

All in my opinion only.