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That would be more of a question to compel our former Morgan...

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Gekkko

2,201 Posts.

1084

25/06/19

11:02

Post #: 39221992
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Originally posted by Wary 1 ↑

Subs, good to see you back.

As you know, JP Morgan was involved in the SdV short listing and apparently was paid nothing for their services because a joint venturer was not selected (so there must have been some kind of fee for success arrangement).

It recently came to light though (but I can't recall how it came to light) that Morgan Stanley has a compensation claim against the company for investment banking services. When that information came to light, I asked on this forum why would the company be having anything to do with a company like MS that was not only talking down the company's prospects in its analysis reports, but also actively shorting the company as well. Anyway, there was a fair bit of discussion about it all and someone (I think Tutor) gave reasons as to why they would be.

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That would be more of a question to compel our former Morgan Stanley hocho Peter Bacchus to answer. Mr Bacchus is a Director of GXY these days..ideally by subpoena along with Tutor..they are probably well acquainted

GXY Price at posting: $1.30 Sentiment: Buy Disclosure: Held
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