Originally posted by Torqueconverter
Could it just be to announce the deal is done and the money is in our account?
Exactly what everyone expected.
If so, I believe that’s already factored into the share price.
I hope there is more in this announcement then that.
Other wise it will be another share price drop following good news.
Which usually happens with this company.
I hope I’m wrong.
Not everyone believed the deal was done, there has been a lot of chatter generating FUD.
And the arrival of the cash isn't simply the final conformation of the sale to POSCO. It marks a dramatic improvement in GXY's cash position and opens a few doors.
