As was posted a few days ago, the VA received one binding offer (from GXY) and a "far superior" non-binding offer from CHEL. They are now working to get it firmed up as a binding offer from either CHEL or their nominee (that's when the real identity of the other interested party will be revealed).
Based on this announcement, the VA is giving CHEL (or their nominee) until 5 January 2020 to provide a binding DoCA.
Essentially, GXY can get paid out from this facility and then lob a new DoCA offer by 5 January 2020. The VA would welcome more offers (from other parties too) to try and create a dutch auction.
We have just seen a high card played..... but I doubt it is the Ace!!!
GXY Price at posting:
92.5¢ Sentiment: None Disclosure: Held
