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20:27
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Originally posted by Haplo:
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Seems to me that GXY has no choice but to support the recapitalisation process as has been discussed previously. A40 going into VA placed GXY in a situation they didn't want to be in...ie the VA now calling for potential bids from everyone. or be paid out in full . Paid out in full means the secured owned amount (approx $40M). Means that they may not end up owning any assets or take a loss on their shareholdings like everyone else. Also means that they can make their own bid if they want to.
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If GXY not able to take full control of ALITA,it has themselves to to be blamed becos GXY thought it is all in the ‘bag’ when it bought over Tribeca debts... will see how it play out from here.Jiangte must be one of the offeror...imo
