what does this all mean
G8 are grappling with too many centres and sub grade management. so when the Chinese mob offered to invest $200million in 2 parcels everyone - the banks, the ordinary management, the insto shareholders- thought that its issues were behind it.
But the chinese - true to form- only coughed up $63million = 16 million GEM shares and reneged on the second parcel. The sloppy management got an escrow period until 4 June on those 16 milion shares [[ the chinese cant sell them until then]]
it means there's another 16 million GEM shares for sale.
yes I'm short.
GEM Price at posting:
$2.45 Sentiment: Sell Disclosure: Held
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