Galaxy becomes the largest share holder of A40 Alita Resources...

Galaxy becomes the largest share holder of A40 Alita Resources (formerly Tawana) May 2019 https://unauthorised investment advice/resources/lithium-alliance-has-a-new-majority-shareholder-galaxy-resources/

Galaxy buys A40 debt from fund managers Tribeca at the end of August and then calls the debt in forcing A40 to call in the receivers.

At the same time Galaxy's boss is quoted in the AFR as saying his company is struggling in the present environment with oversupply hurting the bottom line. https://www.copyright link/companies/mining/galaxy-in-the-red-as-lithium-world-swims-in-spodumene-20190830-p52mcy
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So which is it? Are those running Galaxy a bunch of morons buying into a worthless asset in an industry their boss said is in trouble. Or are they just a bunch of moral bankrupts doing what morally bankrupts do best. According to those who know more about the corporate piracy that infests business these days, Galaxy's efforts over the last several months was a calculated ploy to secure A40's assets at a pittance. If that is true then I guess they are the latter.

My question is, if Galaxy still place value on A40 assets as they seemingly do, then how should AJM shareholders value theirs?

Fear and Greed