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ExIM vs. LM vs. Newsat, page-3

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vetiver3

2,257 Posts.

05/02/15

19:00

Post #: 14705751
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Originally posted by gannp ↑

Hot off the press:
NewSat's Singaporean shareholders consider suing US Ex-Im Bank

Read more: http://www.smh.com.au/business/newsats-singaporean-shareholders-consider-suing-us-exim-bank-20150205-136o2f.html#ixzz3Qqpt3jqS

"NewSat's second-largest shareholder, former Deutsche Bank executive, Bryan Yap, claimed Ex-Im's actions were "borderline illegal".
I'm already exploring my legal recourse," he said. "They may be funded by the US government but they also have fiduciary duties with certain lines they can't cross and I think they've crossed the line.
It's perverse that their own government is trying to derail this with a silly spat over hypothetical issues."

"All the major shareholders have already said they'd support a rights issue because they want to demonstrate confidence in the company," he said. "It may or may not be necessary."

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you are worth more money gannp .. such a vital report.
extremely grateful

NWT Price at posting: 14.5¢ Sentiment: None Disclosure: Held
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