Well its no wonder they've been trying to keep this under...

Well its no wonder they've been trying to keep this under wraps,

User17 was spot on when he said "Jett Capital raise money from Platinum partners per my contacts in NY".

You called it and as I have said previously these guys are ruthless. Their whole business is about "loan to own" deals where one slip up by the company triggering a default and the asset is gone.

From what I've seen in the past and what user17 alluded to IMO there will be a mountain of options agreed to here that just haven't been issued as yet and will probably be issued at a later date and that's why they aren't in the current notice of meeting. I also agree that Platinum would be looking at a ROI of 40 % so it all adds up.

To me it shows what BCI really think of CDG and the assets given they were happy to sit by, with a mountain of cash in the bank and let CDG do a deal with a group like Platinum, surely they could have got some money elsewhere, perhaps the Caymans? For a board that's supposed to have the pedigree they have "the old ex FMG crew" I found it astounding that they had to resort to a funder like this.

User17 are you still watching this one and if so what are your thoughts?

DYOR