GPP 0.00% 0.1¢ greenpower energy limited

"the funny part is nothing has been finalised and already some...

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  1. 4,294 Posts.
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    "the funny part is nothing has been finalised and already some are dissecting the new directors, no one has the information to hold anyone or anything to account as it has to go to the holders to vote,..... (sic)"
    Didn't you lead the merry band of one, when the 249D was issued and you were jumping up and down demanding answers, googling, bringing up information of the proposed directors, name calling them and what ever else you mentioned, even though it was ultimately up to the share holders to vote. But are now being critical because some information has been posted on the "proposed directors" the company are offering up, and the information that was posted is just that, information only - also considering that I doubt the company would be forthcoming to add that sort of detail as to who the acquisition benefits the most.

    So your happy that management are proactive now? Whereas they weren't before or were they just being efficient, taking there time, getting things right the first time, etc?
    Can you enlighten us again why you sold out of GPP at a loss? and I am only asking because from since you sold out, you were the most vocal, critical anti management poster on GPP.

    You keep mentioning that GPP is an exploration company, and that investing at this end of the market holders should of weighed up the risks!!
    I would be inclined to agree with that, if in fact GPP was solely an exploration company but it isn't and it only added exploration for Li, REE, Cobalt, Gold, Diamonds, Lucky Horse shoes or whatever else that has come and gone on the market as the next best boom time thing post mid 2016.
    From GPP's Annual Report
    https://www.asx.com.au/asxpdf/20161031/pdf/43cht4ql742cq9.pdf

    GPP Core.png

    I bought into GPP for the CTL/OHD project on the back of enhanced (only later to realise full of fluff) announcements that had a disruptive technology that was going to break into $billion markets world wide, increase wheat yields, get fatter tomatoes, bigger bok choy, etc. Remember also all the announcements from the company - in discussions with grower groups/palm tree/canola oil, etc etc.
    Others brought into GPP for the potash, that has now been sent to the back burners, why?

    "...(sic)..I like the fact management have been proactive in looking to see what is available and affordable ...(sic) ..."
    I am totally against this acquisition, just on a couple of points to debate of why you like it....

    Looking to see what is available:
    I agree with this (in short), they should of been looking to see what is available; as in what parts they need to order (having the longest lead time) to get the Australian PDU built to actually get their "prime" core business to being operational!

    Affordable:
    I dissent from it being affordable, it is far from being affordable ... it will be an endless call for credit raises, massive share dilution (and basically handing GPP over to Ion Minerals)
    The monetary cost if this acquisition goes ahead far exceeds GPP's current cash position (circa $3M) with $3,235,000 needed to just fund it, as well as share dilution of (initially) 110M plus shares to the value of $1.6M - staged over the phases of the earn-in.

    Finally, why has King/GPP all of a sudden become proactive?
    Nothing like the thought of losing your position on the board to activate action, eh?
    Like I posted previously, these sort of deals can be completes in a just a few weeks
    https://www.investopedia.com/ask/answers/08/reverse-merger-ipo.asp

    I personally can't wait for the annual report to come out to see the Top 20, I suspect Xcel Capital will be there somewhere.

    All IMO only
    cheers
 
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