I now understand what is going on with GGP. I think.
Is it to much of a stretch that what happend with Orchard Petroleum could happen to GGP.
Orchard had a number of directors that are/were with GGP. Orchard was taken to the point where it was taken private and the interesting thing is that since going private mysteriously they had a 25 times improvement with their EBIT.
Wind forward a couple of years.....GGP share price have been driven down by the Convertible Notes and Legal and other issues. To the point where people are openly saying Alimold/Novus are in fact going to be our savours and that they are not subject to the 20% take-over provisions (interesting comments nathanritchie).
GGP is taken over by those that know and it goes private....then bugger me dead there is no legal issues and the money the SH provided to drill wells ALL OF A SUDDEN spew out oil.....alls you have to do is keep the mums and dads on their knees and the IG in their box and certain parties will do to us what has already been done to others.
Only my opinion and based on nothing more than gut feel.
GGP Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
