GREY:GDPEF - Post by User
Comment by
therageron Feb 25, 2019 8:03am
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Post# 29407599
RE:Gibson Conversation
RE:Gibson ConversationDamian you were the one who said things were going well at RCG until Gibson showed up, hired his son and bought a bunch of faulty equipment. Now, after a couple conversations he is a "great" guy. Mr. Gibson has his A$$ in a sling. He is the one who most likely got in the way of ANX's purchase of RCG. Those assets could have been rolled up at a much higher price than what is most likely going to occur now. The assets are worth what a willing buyer will pay for them. Of course Mr. Gibson thinks they are worth a lot more. He is the definition of a conflicted party. In addition, the last time I checked, Mr. Gibson does not work for Sprott Lending. These decsions will ultimately made by Peter Grosskoff. He is going to do what is in the best interest in protecting the Note he (Sprott Lending) holds. I am pretty sure he is not going to call Mr. Gibson and ask him what he wants to do in this matter. Bottom line, incompetence and greed put RCG in its current situation. One thing for certain, if ANX gets involved here, it will be at bargain prices. They have a premier asset in Goldboro and certainly will not weaken the balance sheet to buy RCG assets at inflated prices.