Why GCM isn't trusted and continually lagsThe good news is that Caldas will now have the necessary money to expand and will have a real mgmt team. Buying shares directly in Caldas may be a smart move.
On the GCM side they reduce their ownership from 53.5% to 45%, altho they'll subscribe C$19m in the Caldas PP.
The bad news is that Serafino and his cronies make out like bandits, as they'll be replaced as mgmt of Caldas, triggering the change of control and getting US$8m in severance. So GCM (and its shareholders) puts in C$19m and Serafino and his crew gets C$10m of it. Amazing how they do this time and again.
And we wonder why GCM price continually lags?
At least my bitcoin is over 90% up since early June.