GGP 0.00% 0.6¢ golden gate petroleum ltd

frosty.........I think they whole thing in the end will be a...

  1. 5,667 Posts.
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    frosty

    .........I think they whole thing in the end will be a waste of time because these kind of matters are rarely resolved in a positive way by courts......

    Couldn't agree more, but by the time a non decision comes about, valuable time will have been wasted, good knows how much funding it will absorb, attention of the directors will be averted away from the business and will create a stinking cesspool of mess, or should I say more mess.

    This is what I think will happen, the SP will slide down to 0.002 or godforbid 0.001, and will take some miricle to raise it from under the piles of legal crap its under. So..
    be part of the class action, that WILL take place or not.
    Once the SP hits bottom and takes a up a long term position there the company, unless a rabbit can be pulled, will either face administration or consolidation. What's our current number of shares on offer, have we hit 5 billion yet?
    Should the leases expire, then nobody will get anything.

    Sorry to those who think I am being overly pessimistic but I can't see any good coming for GGP.
    Slow death.

    Dr





 
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