If small holders don't participate the big ones (all Chinese?) will simply buy the non-allocated by over-subscription so the CR will succeed.
The only thing I am struggling with at this point is:
- Will gxy show some return to financial stability before the expiry of the options and drive the price above 8ct? Above 13.4ct would mean I get the shares "free".
IMO this is the only bet we can make at this stage.
GXY Price at posting:
7.8¢ Sentiment: None Disclosure: Held