Your question: "What happens if GMG goes into Admin? " The Thread: can GMG go to Admin...Fact...etc...
The answer to your question would be: "if GMG goes to admin, GMG assets go to liq. stock is suspended" when assets are sold, debt is paid, employees are paid,...,etc...you get the remaining of the NTA which is now according to Dec-08 accounts circa $1.
My comment about stupidity does not refer to your question; the only stupid question is the one not asked...the stupidity is referred to the innumerable un-educated comments about this and other stocks. A-REIT has been hammered ever since the beginning of the year. Your risk/reward appetite should guide your decisions always based in a good research. My perception is that there’s a lot of gambling and BS given the volatility index that REIT is presenting. My apology if the previous post made you feel bad, it was not my intention.
GMG Price at posting:
15.4¢ Sentiment: LT Buy Disclosure: Held
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