Ann: Appointment of receivers and managers, page-85

It was AFR who said "carve up", not Simon Hay of GXY. If you look at the news articles / opinions from AFR, AFR was already promoting the idea of "carve up" way back in 14 Aug ( https://www.copyright link/companie...ts-bald-hill-mine-on-the-edge-20190814-p52gy3 ) long before GXY bought the A40 debt.

However, some people thought that Simon Hay was that one who said it, it was NOT HIM !

With that fixated in their mind, people thought GXY was the villain. Hello? GXY participated in the CR at 0.20c in May only for GXY to find out that the BOD spending the money for what ? An EGM in July for name change and pay increases !!

It's like lending money to someone who needs help, only to find out that they spent it inappropriately instead of getting their house in order.

So what did GXY do ? They bought the debt to protect their interest.

The rest is history, with more history to come.