Why did GXY buy into A40 in the first place? GXY would have had a pretty good understanding of the condition A40 was in at that time. I am pretty sure.
Do you think GXY was surprised by the A40 loan default and scrambled into action? It might look to some, but the more I think about it, the more I doubt that.
Or was this a well coordinated plan?
Is GXY alone in this move?
All in all, GXY has pulled a few corporate tricks in her turbulent history.
Intetesting times.
GXY Price at posting:
$1.17 Sentiment: Buy Disclosure: Held