Galaxy... GXY... Chart..., page-1796

There were close to 7m short sales in the last two days, plus anything else that's in the system. These people are looking for an opportunity to buy back lower. So one sheep, two sheep, a couple of shorters and before you know it it's a flock. The volume today supports that theory.

The credit facility does not address a small debt, but the ability of the company to pay staff, contractors etc until revenue catches up. There would have been people who had expected GXY to bank a lot of money from a JV sale. Even though the new credit facility is a better option in the long term, those people would have been disappointed.