Member Info for vspl

Abysmal management team. I have swallowed a huge loss. Can do without poor management.

Often enough companies that are inclined to "exponential" expansion through debt have consequences.

That sums it up with GKO.

GKO's response to my email The management and the board is focused in resolving the issue with share price drop. The underlying business and its fundamentals are strong and tracking in line with expectations both at the financial numbers and growth plans level. The current SP drop has been a function of the concern on convertible shareholders in the subsidiary with rights to swap into PLC share may lead to significant dilution. We are actively working with institutions and convertible holders to enable clarity in the dilution and report back to the market in 2 weeks period. Post which we believe 1GW operating portfolio and strong long term financials will be reflected in the share price and recover rapidly from these levels.

100 p being accepted by GIC and GEF does not seem to be in sync with market sentiment. Wonder if GiC and GEC could collude and force lower exchange simply with more shares. We have been give the minimum scenario by the broker but market seems to think other wise and maybe a maximum scenario.

Had just written to mgmt and will await their response but if nothing turns up in a couple of days may just swallow the hefty loss. Slow death.

parkside13 is spot on . GKO website has Investor presentation and calls out GEMF and GIC convertibles. What a farce

It would seem wise if management pare down debt and consolidate the business. I am down 50% on this stock.

Disgraceful...bottomless pit

GKO have issued bonds in USD but earnings in Euro or Rupee and depreciation v USD . I suspect that could be the cause for Sp to tank as I can see no other reason unless there are corporate governance issues