CXG 2.27% 21.5¢ coote industrial ltd

Is the greentrains transaction legal ?Wouldn't it have made the...

  1. 12 Posts.
    Is the greentrains transaction legal ?
    Wouldn't it have made the CXG sales revenue and profit greater than it would otherwise have been ?
    Why was it done anyway ?
    If Gemco / Cootes had taken on the debt to own the loco's / wagons would that have scared the market ?
    Maybe Coote / Gemco could not raise the finance ?
    What was the logic of Greentrains placing an order and accepting delivery of goods for which they had not arranged finance ?
    Would it be normal for a public company to check the credit worthiness of a customer making such a material purchase ?
    Many questions ????
 
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