GPW CEO putting in $10 million!Wow. What dont i get here? So..obviously the people who took over the massive Yangshan port deal couldnt get it done. So...here we are. GPW has announced it is re-entering the project, and can increase their stake by 7% (which means they should be around 20%).
To do this, Ricky Chiu, GPW's CEO is putting up $10 million of his own cash, and of that $5 million is going into a private placement at 0.08 cents!
They had a special meeting yesterday, which approved him putting in that money, plus also a name change (I guess to better reflect this is not just only a logistics company anymore).
And here we are at 5 cents!? The company was severely undervalued before, and now with the Yangshan announcement, and the CEO putting in $10 million, this has got to be crazy crazy undervalued. How many other TSX-V stocks have you seen the CEO put in $10 million of his own dough!? There has to be a ton of stuff coming down the pipes.
This thing is gonna take off soon. Finally. Rewards for years of buying this stock. Good luck to all!