Australia's largest stock trading and investment forum Australia's #1 stock forum

GXY

Click for more information

0.00%

$5.28 galaxy resources limited

If you bring in the clowns so to speak you'll be guaranteed to...

First 147 Last

Share
Profile

Follow
hoek67

1,440 Posts.

147

02/12/19

07:47

Post #: 41739673
Share

Originally posted by schmunzel75: ↑

How about I propose to KordaMenta that I can be the Administrator at much superior conditions (cheaper and quicker) than them (KM), saving A40 secured and unsecured creditors a shiteload of $$$. Do you think they will go for it without asking me to show that I actually have some credentials in this business?
I don.t think so.
But CHEL just walzed in with an unbinding offer and basically did exactly that.
A break fee of 10Mil makes their offer superior by how much with all that unknown info required for a binding DOCA?
Their loan does not provide what the VA process is meant to do: refinancing/restructuring or liquidation! It is a ruse and should have been kicked out. But since GXY was the only other party with a DOCA and KM are VA vultures milking this to the max, KM went ahead. I'd love to see KM's butt in the hotseat over this.
Anyone else smells the stink of this?

Expand

If you bring in the clowns so to speak you'll be guaranteed to get a circus.

GXY Price at posting: 92.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 9 more messages in this thread...

First 147 Last

Add GXY (ASX) to my watchlist