The corner shareholders will not want gxy to go into administration! They have given their approval for the cr to go ahead but will not publicly commit to taking up their allocation. Conspiracy theory: Gxy management have done an extreme poor pr exercise on the cr. With that in mind, a good way of scaring off the retail sh and allow the cornerstone shareholders an opportunity to purchase some very cheap shares and attached options. The history of gxy cr supports this theory.
GXY Price at posting:
7.8¢ Sentiment: Sell Disclosure: Held
