OK Mike, Ill agree with one of what you're posting.
However the price going down b4 the restructure was of course partial from large entities short selling and that short selling was selling to retail. I'm just saying that institutions selling to retail doe snot alway cause the SP to rise!
RE: Mergers, Acquisitions aaaaand.....13 Oct 2018 00:40
Mikey, What I was trying to say was the capital restructure/debt refinancing was just that. The removal of debt for equity. The OO $25M was to be used as part of CAPEX, along with what they'd scraped together from previous payments. The OO was not just to pay refinancing costs.
It was stated at the time the OO money and previous cash would be enough to get going on Capex to 40-50bbll/d made not difference to the GKP finances what SP it was done at. No money was raised it was only debt for equity .
Hi MikeT21, all interesting stuff.. I guess I've seen your stuff on iii and reposted on adorn.<br /><br />However, how do they know that there are always enough holders that can be milked out by lowering the price?<br />I appreciate that there will be quite a lot of margined speculators in GKP but every day wringing the same cloth, or it just expected the the chartist/traders will just follow the trend?<br /><br />Also, if there is news in GKP during this unwinding process surely there comes a point where they just can't get away with it?. Not like GKP to have any actual news though I must admit. Maybe some day the Co will get it's finger out. I appreciate going slow and steady is something the previous management could have give a thought to to save bankrupting the company.<br /><br />You say the other hedge funds selling out will cause GKP to rise further. However, GKP sp has barely yet recovered from the recent Taconic sale. The prospect of being hit by three similar sibling waves kicking GKP down is filling me with JOY!.<br /><br />Cheers again for info.<br /><br />
Back again, I see! Interesting thanks! Wondering if they ever mention contracts with the Indian Govt. to provide LRIT a requirement of govts in the area to have installed by the end of this year. Investors in MTRK through ZYZ have been waiting long time for that one...?