What we're calling for with regards to J.P. Morgan is for them to stop loaning-out their shares to other bank/s for the sole purpose of artificially trashing our share price. In summary bring-the-shares BACK from Morgan Stanley ! J.P. is in behind our closed doors..getting paid to advise/consult on the cashing of our assets. It's bad enough having a major shareholder with access to all that insider-information but to ALSO be lending-out their GXY shares to short-sellers is the 'Conflict of Interest' that should be ended ASAP. Whether JP buys-or-sells is a secondary-matter to me..They're unlikely-to-sell because we all know GXY is worth more than $3.. However, there's huge-potential for them to directly affect our share-price because they own so many GXY shares & being on-the-inside they know the best time to make a move..That's not fair. You can't be advising on how to improve our SP while sleeping with the enemy to down-sell it :/
GXY directors should take a stance on JP's assisting short-sellers while we are paying (our money) to JP for consulting behind our 'closed doors'. They are more than likely breaching regulations in doing so anyway, but for fairness to all (even playing field) JP should not be allowed to collect rent-payments on their GXY shares from short-sellers like Morgan Stanley, while JP is in such a sensitive/privileged position knowing everything..stuff we can't know.
We know J.P won't sell GXY shares. But our Directors should demand that JP to repatriate their GXY shares loaned out to Morgan Stanley..and refrain from doing so again. This will clean-up the trading of GXY. Our alternative if B.O.D. refuse to act, is to take this to ASIC-ASX and/or the media. Our B.O.D. should be standing-up to protect shareholder value in respect to trading-activities faciliated by our major shareholder/inside consultant. This is the Elephant in the Room. Failing to address/rectify it will also work against our Directors when AGM voting-time comes around..remuneration, issue of options to them etc..Apathy & ignorance will hurt them dearly. Clearly J.P is happy to see our share-price plummeting..who knows what they may be scheming. The 1 thing i know is..the nearer we get back towards $2 the higher the probability of an opportunistic takeover attempt by a predator..which can put a low-ball cap on our share price / return.
If any of the above strikes a chord with you, an email or call to director/s would surely help end this obscene Conflict of Interest created by J.P. Morgan in assisting our enemy M.S.
GLTALH (Good Luck To All LONG Holders)
GXY Price at posting:
$2.73 Sentiment: Hold Disclosure: Held
