Krg insinuate they cant afford to pay, yet mnr has 16 mil mansion, (on 120k dollar salary) NZ our chief advisor gets flown first class every time he visits and is a multi mil himself, gets over 300k from gkp? jf on 500k and just paid himself a bonus? FOR WHAT... ? The money is there always has been, it is just NOT paying bills? Why?
Yet gkp, afren and everyone suffer, because of it? yet despite a sitting mp and uk gov iraq advisor it gets worse?
Theresa are you listening... your gov is as corrupt as Iraqs.. ?
So it looks like the Noteholders/Bondholders are going to get the company on the cheap as we have no choice but to vote in favour of the dilution (shocking).
I think the likelihood of a pre-dilution bid is diminishing by the hour.
Once the restructure has happened then lets hope we are not sold out on the cheap and the company is given the opportunity to build and 'realise its potential' This company has always been worth in excess of $2-3bn once debt is cleared.
Lets hope us PI's are given the opportunity to get some of our investment back.
All those involed in GKPs fall to the detriment of PIs should be ashamed of their actions that have precipitated this destruction of equity.
Unfortunately, I believe this corruption is not over as I believe these same people will preside over a rising from the ashes to the benefit of those that have ordered the demise of a company with the largest land based oil find in recent times....the story is not yet over it is going to become even murkier. Before three months are out the IMF loan funded assistance will pay all debts owed to GKP and massive profits will be procured by those whom have corruptly obtained 90 % of our company....
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.