um, you could be right. If Melewar handed over x amount of shares for their loan Melewar would not be in full control of them anymore.
Would this mean the bank can now short sell them? Without Melewar knowing? I don't know. But the bank has the shares!
If Melewar wanted to buy more I can see them wanting the price to go down. But Melewar didn't buy more and look what happened. Also GBG needs to raise finance, is Melewar likely to make it hard for GBG? NO.......
Interesting times.....
GBG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
