RE:RE:RE:RE:RE:RE:Harte/slr"I can imagine some sort of deal in which HRT issues a gazillion shares to the eventual owner in exchange for the debts being paid off, followed by a gazillion to one rollback, essentially wiping out the value of existing shares. This would likely be agreed to by the rich uncle, because the new owners would still be on the hook for the royalties etc. Existing shareholders would be dilluted to nothing which would suit everyone except existing shareholders."
I am not sure about, New Gold is in the room now.
So was New Gold duped into buying shares?
It doesn't matter, they still have 150 million in their bank account available to hrt to pay off the debt obligations.
And it can be assumed hrt management want to keep their jobs and this would only happen by allowing NGD to call the shots.