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Ann: Results of EGM, page-21

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  1. 3,046 Posts.
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    Agree chris

    This was one of my ongoing concerns with the Gupta empire.

    Was onkybat week or ago Gupta went to market offering bonds to raise capital at rates higher than junk status. My concern was would they continue to put money in or just string us along. I understand no money no works no shares. We were protected there but a dispute would drag out for years.

    Further more the simple point they never bought one share on market and yet wanted 51 percent. Please go away buy 5 or 10 percent on market then put a bid in for the rest of your 51 percent. You wouldn't be paying 18 you would be paying 40plus. Meaning less shares to issue to get our 50million. The bid price would be 40cents plus if Gupta was on market buying.

    Cheers
 
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