GXY 0.00% $5.28 galaxy resources limited

Ann: Results of First Court Hearing, page-12

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  1. 1,711 Posts.
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    @GCar as well. Yes, the loan agreements are written in such a way that the lender gets the economics of any corporate action such as dividends, splits, mergers and the like. The shorter will have to return 0.569 ORE or whatever the new thing is called. It means that the original GXY holder will participate in the merger as if they hadn't lent the stock. The only difference is that they wouldn't be able to vote on the scheme, but you'd still get the new ORE.


 
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