Maybe Westrip can tell us if there is any value. It would be good to have their opinion? What about this.
So, Westrip has written off all the value in the Greenland JV assets, ( and IF I UNDERSTAND CORRECTLY, the value of the GGG shares??)
Mr Hans Kristian Schonwandt is a current director of both Westrip and GGG. The Westrip document reads “the CURRENT directors have fully expensed the value of the company’s Greenland investments due in part to the election in June 2009 “. So, what is Hans’ opinion as a GGG director? Surely he cannot have two opinions on the matter. And as readers know, he is very close to Greenland politics.
Shareholders deserve to know what is going on …. They deserve clarification … But Rod, and Hans, are silent. How disappointing.
Is it linked to the legal action? Westrip shareholders have made legal claims against 4 current directors. Are they upset that the assets are devalued? Have they been devalued so that they may be cheaply transferred to another company? Is that what is being alleged by Westrip shareholders? How much longer do shareholders wait for an update from Rod ( or Hans)? Why is GGG helping to fund the Westrip case? Why is it important to GGG?
GGG Price at posting:
64.0¢ Sentiment: None Disclosure: Not Held
