I think the Note Holder will put GMC into administration and take over the whole company or will require a much bigger share of the company.
So result is same - GMC shares are nearly worthless.
Same story as KPR with manganese ore in Kupang about 6 years ago.
New Feature Announcement!
We’re excited to introduce the DealRoom portal, now live on site, providing users with exciting access to private equity opportunities for both pre-IPO and publicly listed companies.
See full details by selecting the new menu item named 'DealRoom' on our main menu bar or click below.
Stay ahead of the market, with HotCopper.