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Translation of announcement to any GXY newcomers:- All retail...

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Brettmaverick

165 Posts.

48

10/07/21

09:19

Post #: 54411167
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Originally posted by GCar ↑

Afaict the remaining 9 million performance rights will automatically vest upon the merger scheme of arrangement being confirmed, thereby effectively handing circa 40 million bucks to the guys on the receiving end.
From memory, Simon Hay will reap circa 10 million bucks from this...?
The golden parachutes are being packed.
Wow
I’m not sure who’s logic it was that effectively said (and put into the conditions) that entering into a (any) scheme of arrangement would be equivalent to meeting the staggered requirements linked to the performance rights, and therefore they would automatically (and immediately?) vest in such case.
Wow

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Translation of announcement to any GXY newcomers:-
All retail holders, form an orderly line facing the barb wire fence, remove trousers, bend over fence and brace yourselves.
This should be a familiar sensation to all long term holders.

GXY Price at posting: $3.74 Sentiment: Hold Disclosure: Held
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1 Great analysis

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