If GT had any real confidence in the stock he would have bought a convertible con note, given the all money (and more) was made selling CMR at $5.50. Worst case is he would end up with a squillion shares converted a FA and own the company outright.
The loan indicates that even he thinks it possible that CMR may bleed into bankruptcy, HNC walk away and CMR script will be worthless and his money craypotted. The loan means he will always be able to call in the administrators and get his cash back.... no risk.
Where is the confidence where is the love??
One good technology breakthorugh with lithium batteries then the lead market, not to mention cobalt, and Browns goes down the gurglur.
CMR Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
