And you are making an unsupportable postulations here:
- hedge funds raise their fees to cover their losses
Facts of the case is, the latest strategic investment, the fund managers didn't participate, unlike Jiangte. They would have participated if there are signs of strong potential growth, but they didn't. The growth story of the company was not good enough for them to sink additional money in. Add that on to the fact that Tribeca got rid of the debt the moment GXY offered to buy them over, why will they protect that position?
Haitong was only brought into the picture recently after they seized shares of Burwill, them sinking more money in? Oh please, they can't wait to get out.
i said that Jiangte's inaction would make no sense to me, because they've sunk so much money in to secure supplies, only to be taken over and lose it all? That makes no sense to me, which unless of course their inaction is to their benefit. And why else would that be other than working with GXY to secure supplies? My point is, wait and watch for Jiangte's next move, don't twist my words.
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