GREY:GLBCF - Post by User
Comment by
Winwarrioron Apr 08, 2016 1:26pm
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Post# 24745759
RE:RE:RE:RE:RE:Pafra Enterprises Company
RE:RE:RE:RE:RE:Pafra Enterprises CompanyOdd that IMHL negotiated a deal with GCO that allowed GCO to escape the $4million it owed IMHL by taking the NA properties that are valued currently at $2.5 million so that IMHL could increase its ownership of GCO from 25% to 61% for a property that it could lose its "GCO" rights to if ARM was to be liquidated. Now perhaps IMHL thought that GCO could successfully sue for much more and actually get it if they did not do the deal. but my sense is this was not as much of a concern to them. So we will have to see what comes of April 12th, perhaps though the stock has stopped trading as GCO was worried that news of the liquidation would send it to the .0000000005 zone.