GGP 0.00% 0.6¢ golden gate petroleum ltd

Margi,When some of the top shareholders are treated like...

  1. 509 Posts.
    Margi,

    When some of the top shareholders are treated like mushrooms what chance do smaller shareholders have of getting a fair deal.

    As far as I am concerned and this goes for many others I correspond with and that is Steve Graves reputation is now at stake. Some of the group believe it is already damaged and will not further invest in GGP.

    Resolution 7 is all about who controls the company.
    A yes vote puts it in the hands of Novus clients and a NO vote allows all shareholders to demand better from the company in future.

    Either way the company is still going to need money at some point depending on the business plan. A NO vote will not stop progress as they will still take 4 million off the note holders under the 15% rule. They will just have to argue over the terms.

    I think the company is in for a rude awakening on Resolution 7

 
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