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0.00% 0.3¢ grand gulf energy limited

Am I reading this demerger doc right, GGE will sell assets and...

  1. Scottport
    4,481 Posts.
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    02/12/15
    16:12
    Post #: 16531262
    Am I reading this demerger doc right, GGE will sell assets and gift loyal shareholders 2.55c (in shares) per current share held??

    I know I have had a long day, but this seems too good to be true. Please correct me here but for every 1,000 shares we will receive additional shares valued at $25.00 and keep our 1,000 GGE shares which will obviously be worth less than current value.

    Can't quite rationalize this out yet.....does not compute.
    GGE Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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