In my previous post last week, I briefly mentioned the regulatory process involved for clearance from regulatory authorities. We are talking US $10M and it will take time. I also mentioned from 14th Dec, things will be slow for few weeks. I firmly believe the transaction is going through the normal process of approval. GMC would have disclosed to the market if thing were to the contrary; ie Pak Marthen pulling out of the deal. Strange things happen and lets wait and see, but based on the information we have available (ANN), I think this will be good for holders. We need to hope for the best because we have invested for the best and not the worst.
Patience and we will be rewarded.
GMC Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held