(1/3)
The interesting thing is that GHIF could have taken $2m (£1.58m) at 28.75p, which would have given them 5.48m shares, which could have been offloaded for a decent profit.
Lets say they sell for £1. That's an easy £3.9m profit.
This would have left $6m as a loan,
#GDR
The interesting thing is that GHIF could have taken $2m (£1.58m) at 28.75p, which would have given them 5.48m shares, which could have been offloaded for a decent profit.
Lets say they sell for £1. That's an easy £3.9m profit.
This would have left $6m as a loan,
#GDR
(2/3)
which would have continued to accrue interest + the $1.46m of interest already accrued. No risk.
At 7.1m shares all in at 95.3p and 2m locked in, they would have to sell the other 5.1m for ave. c. £1.76 a share, to make the same profit.
And that assumes that
which would have continued to accrue interest + the $1.46m of interest already accrued. No risk.
At 7.1m shares all in at 95.3p and 2m locked in, they would have to sell the other 5.1m for ave. c. £1.76 a share, to make the same profit.
And that assumes that
(3/3)
the 5.48m shares were sold for the lowest price seen these last few weeks/months + the 2m that are left locked in, are completely out of their control price wise.
Why they have done what they have done, is debatable but it certainly doesn't smack of maximising profits.
the 5.48m shares were sold for the lowest price seen these last few weeks/months + the 2m that are left locked in, are completely out of their control price wise.
Why they have done what they have done, is debatable but it certainly doesn't smack of maximising profits.
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