'He told me that GPN had engaged a firm called Radar Investor Relations in NSW to follow up on the options entitlement with previous GPNOA holders that had not sent in their cheques. Deadline for the offer was extended until Monday 23 June 08 but only announced on market and not advised to each holder by mail. Geary said that they had some investors with "deep pockets" (his words) to take up some of the the shortfall of those not taking up the full entitlement offer.'
Hmm sounds like a crock to me. If they have some investors with "deep pockets" to take up shortfall why do they bother paying dollars to a firm to chase up GPNOA holders who have not exercised? Is this a joke? No its not April 1 cant be.
GPN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held