Gareth has just taken it upon himself to wind up a few prawns. Do not despair.
The liabilities/trade payables mentioned have been covered some time ago.
Re the 150m USD... think about it this way and your head pain will be eased: Renault offered 150m USD for the Argy assets - maybe/maybe not on a suitable taxation basis for GLN. So what?
Would Renault offer less than 150m USD for the entire company in a script buyout? - honestly if you don't know the answer to that question I can't help.
The truth is 150m USD is a line in the sand that is too low to buyout GLN. First main issue is the BOD and their B/E's - the biggest issue being JP's incoming tranche of 0.35 options.
(and yeah I know it's not just Renault, but I can be bothered writing the Chinese company's name)
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