AG & co knowing that Australian banks don’t like to hold shares. Offer a D4E deal to the banks anyway.
AG us adamant that a D4E will be done, then come anchorage buying up all these debts from the banks a dirt cheap price, then releasing a statement agreeing to a D4E deal
I have a feeling these guys (AG & hedge fund) are somehow colluding with each other prior to the debt sales, possibly with knowledge of the banks as well.
This could be a very very good thing for shareholders.
Or could be very very bad, whereby AG looks after himself & double cross current shareholders.
But then again, Melbourne’s mafia is known to be investing in law firm. AG & co won’t dare double cross union thugs.
Conspiracy theory i know, but from my perspective. it does look like there is some background play between AG & the hedge fund.
SGH Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)