RE: UK's Central Bank Forges Ahead With Plans for a Systemic Stablecoin Regime10 Aug 2023 16:28
Management at GDR have no skin in the game, GDR is only good for a trade as you know. But even with the share tied up in the BOD at GST there are still way more shares in issue compared to GDR. Even if out of the 1.7 billion shares 1 billion was held in sticky hands then the free float would be 600million, which is assuming that all the nominee accounts dont intend on selling a penny (we all know this is being traded the hell out of). with GDR if 10million were in sticky hands of the 100million then the free float is still considerably less than GST. Percentage wise GST would be greater but its likely with higher volumes that GDR would move quicker. But dont see that happening until GDR sort out their financial position not being in a position to draw down on anymore of the facility.