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 ????
CXG Price at posting:
12.3¢ Sentiment: None Disclosure: Not Held
