A winner from this deal? The company executives keep their jobs.And just check the salaries they receive!! If the proposal is accepted,the company survives and repays some debt and has some working capital as they flog the cows and cut the timber early. The share value remains low (maybe lower) as 200% more shares are issued in a company with declining earnings and no future business plan. Maybe the Directors have some questions to answer? They have been in control of serious wealth destruction and incredible corporate incompetance.But they seem to be well compensated.
GTP Price at posting:
33.0¢ Sentiment: None Disclosure: Held
