gxy didn't have a choice after foolishly investing more unsecured equity recently when the business was on its knees and leaving the secured creditor there.
They had to take out the loan so they are made aware of everything as it happens and I doubt anyone else is going to make a controlling move now. It puts them back in the drivers seat on any transaction.
Tribeca got paid out all accrued interest and fees in full - smartest guys on the room - great result for their clients
Definitely some interesting days ahead as more details of what is planned come out.
a40 financials are also due in the next few days.
GXY Price at posting:
$1.17 Sentiment: Sell Disclosure: Not Held
