re: Ann: Galaxy Recommences Capital Raising a...
Dejavu.
Nothing has changed except Iggy Tan has left, and at what cost we don't know. Could that be the increase in the minimum subscription costs?
Not one cent more from me. I am not going to be scared into throwing good money after bad and am happy to see this go into admin. Get more than $0.08.
On re-listing there will be plenty of chances to buy below $0.04 for people worried about dilution or there about. The business proposition looks very shaky on any measure or multiple now and the explanation of the path ahead does not smell of confidence.
I would also suggest that full production will be some time away and as the A$ falls they will want to switch back to Jiangsu with more delays. Excuse after excuse.
NEW BOARD, and NEW OFFER is needed.
AlbertE you have nailed all the outstanding issues.
I am out at $
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held
