AEJ redbank energy limited

game on

  1. 1,628 Posts.
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    After having another read of the document I noted that under Major Sharehjolder Support it indicated GPG were in support of the transaction based on the Sept 10 announcement, (which was stated as in principal)

    If the directors really wanted to convince shareholders that the 10c was the best offer why then didn't they include Coastal as also supporting the transaction?

    Would this have resulted in them having to admit Coastal is tied up with the debt holders?

    The business is paying it's interest and is alos generating cash above that, though a small amount but definately enough to keep operating as a going concern.

    We need to vote NO otherwise the debt holders will steel it away from us!
 
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