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Bullboard - Stock Discussion Forum Guestlogix Inc T.GXI.R

Industrials Business Services

Bullboard (TSX:GXI.R)

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Post by mingzhuon Jul 12, 2016 8:04am

best scenario

only unsecured loan is 20 m debenture. GXI issuresd he debenture to buy OJ. After sale of OJ, gxi has 15 m cash left. It is quite possible  and fair debenture holders get this 15 m (75% 0f ...more  
286
Discussion
Comment by joesterthon Jul 12, 2016 12:16am

RE:RE:10 spaces after $ sign

"Substantial" doesn't tell us whether it is repaid fully or not, it's just a description of the amount unsecured creditors will get. I'm not quite sure how you interpretted ...more  
132
Discussion
Comment by sculpin2on Jul 11, 2016 4:37pm

RE:10 spaces after $ sign

The document says that unsecured creditors will get a substantial payout not fully repaid - I assume that this means the shareholders will get nothing. 
128
Discussion
Post by mingzhuon Jul 11, 2016 4:31pm

10 spaces after $ sign

i counted 10 blackout spaces of purchaser  money deposited  to the monitor. so I assume at least tens of millions in the court paper. 40 m is my assumption.
131
Discussion
Post by joesterthon Jul 11, 2016 2:56pm

Sale of Onboarding Business

"The Purchaser Group [will be] providing cash consideration to subscribe for ALL the outstanding and issued shares of GuestLogix" This was after considering 3 bids. Cautiously optimistic ...more  
168
Post by mingzhuon Jul 08, 2016 10:59am

OJ revenue :7.5 m british pound, GXI: $ 12 m US

https://www.pwc.com/ca/en/car/guestlogix/assets/guestlogix-085_052516.pdf
148
Comment by Growthandprospeon Jul 08, 2016 10:25am

RE:RE:formula to calculate the value of GXI

The court date for the sale is July 13th. We should hear how are shares will be treated and what they are worth on July 14th after the court date. Let's hope we get something good for our shares!
105
Discussion
Comment by displayname1on Jul 08, 2016 3:54am

RE:formula to calculate the value of GXI

Where did you get the revenue figure?  Is that actually revenue coming in or just what they say will come in ? Bearing in mind their ability to deliver...
113
Discussion
Post by mingzhuon Jul 07, 2016 9:42am

formula to calculate the value of GXI

OJ was sold 40 m. The rest of GXI has similar revevue of OJ.  (40 m + 15 m cash - 20 m debenture)/134m shares= 0.26  If bouyout, shareholder can expect 20s cents per share
200
Discussion
Comment by displayname1on Jul 07, 2016 5:23am

RE:it seems me it is the privatization of GXI

So who ends up screwed and who ends up winning ?
126
Discussion
Post by mingzhuon Jul 06, 2016 9:45pm

it seems me it is the privatization of GXI

after carefully reading the news. If so, gxi has no need to pay debenture hoders anything as long as it pays 7% interest. This  is the best result .
174
Discussion
Post by mingzhuon Jul 06, 2016 4:41pm

calculation of shareprice

gxi has 15 m  cash  after sale of JW. The new investors have to 5 m more to fully pay the debenture. i doubt they can get 100 % debenture cash back. they should share the loss as ...more  
221
Comment by sculpin2on Jul 06, 2016 4:23pm

RE:news from Sedar

Debenture holders should now get paid full face value plus accrued interest... Upon closing, GuestLogix will be well capitalized and well positioned to execute on its growth plan. 
240
Discussion
Post by mingzhuon Jul 06, 2016 4:20pm

news from Sedar

GUESTLOGIX INC. ENTERS INTO AGREEMENT FOR THE ACQUISITION OF ITS ONBOARD BUSINESS Toronto, Canada (July 6, 2016) – GuestLogix Inc. (“GuestLogix” or the “Company”) has entered into a definitive ...more  
296
Discussion
Comment by Growthandprospeon Jul 06, 2016 11:16am

RE:Sale Price of GXI Onboarding

The PR says the courts will approve by July 13th the sale. Maybe we will hear more then.
94
Discussion
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