GXY galaxy resources limited

See Whitfield and Tse on that list with the 12 million shares...

  1. 651 Posts.
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    See Whitfield and Tse on that list with the 12 million shares gifted to themselves for free with no conditions attached. Whitfield only ever held a very small amount previously and Tse had none.
    Anything above zero is a gain to them on those shares. And for what did they get those shares ? when they get paid as well.
    The conditions as mentioned in that Binding Agreement have been met both GXY and Tiaqui shareholders approved the deal. The CSRC approvals GXY has said those no longer required after 31 December 2014.
    So how can the party get out from that Binding Agreement if all Conditions Precedent were met???
    Legally is an Agreement Binding if its subject to Conditions ?? Were investors misled ??
    These guys have been made fools of by the more savvier Tianqui team. After 10 months of operating the plant to toll treat at a loss the buyers ore and consuming almost all the advanced funds (by way of deposit and loan) from the buyer the buyer can change the deal ? The guys that did this deal for the buyer should be given some award.
 
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