iggy tan must resign, page-23

Your logic is flawed (every cent is worth $2mil to them) if it is the major shareholders' intention to buy out the company cheaply. If that is so, every cent
lower in SP saves them $3 mil less at buyout.

The Chinese Board members represent their Chinese shareholders, they do not own the shares in their own right and the options they own are complements
of the GXY shareholders.

If there is a buyout , option holders are usually generously treated to sweeten
the deal.

And, by the way, M&G Investments now own 19.44% of GXY (close to treshold
before declaring their hand) yet they have not asked for a Board position!
Could one assume that they are already represented on the Board?

With kind regards
Moorookamick

Happy Chtistmas to all
MM.