I agree Galaxy could of threatened to call a vote to remove the BOD and I think a lot of retailers would of signed on (based on current performance), left them no choice but to agree to the Gxy transfer of the loan. Overall I like this consolidation play by Gxy here, they have a good track record regarding purchasing assets cheap & selling for top dollar (POSCO deal) and the 20m A40 equity is chump change on a macro level.
- Forums
- ASX - By Stock
- GXY
- Ann: Acquisition of Senior Secured Debt Facility
Ann: Acquisition of Senior Secured Debt Facility, page-95
-
- There are more pages in this discussion • 119 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)