Post by
snootchybootchy on May 06, 2016 7:58pm
Peter Hodson
Mr. Hodson was on Market Call Tonight and said the sale of Open Jaw closed today for $37M, compared to GuestLogix's debt of $25M. He said shareholders shouldn't count on getting anything back but the odds of Guestlogix surviving has greatly improved. He also said he thinks there will still be about six months before they can close the CCAA process but one day, Guestlogix shareholders may find their shares trading again.
$12 million cash is roughly the market cap of T.GXI before they halted trading. Peanuts compared to Mr. Bruce Campbell's assessment that the sum of the parts of the company were worth between 70 and 90 cents.
Comment by
MrHulot on May 06, 2016 11:23pm
Bruce Campbell is the biggest dikHed on BNN. Pump and dumper.
Comment by
watchingone on May 07, 2016 4:41pm
"said the sale of Open Jaw closed today for $37M, compared to GuestLogix's debt of $25M" I think thats remaining debt of $25m after taking the $37m into account. Correct me if I got this wrong but I'm pretty sure I saw $60m+ debt figures being mentioned.
Comment by
Growthandprospe on May 19, 2016 1:11pm
any idea on what they are planning with the Onboarding business?
Comment by
displayname1 on May 20, 2016 2:04pm
They have been trying to sell it since end of last year with no interest which is why openjaw was the only bit sold, the bit with residual value. Taking it private might be a problem, their investors would lose everything, their customers are already unhappy, their delivery is not working, it has a ton of debt which doesn't disappear if you take it private (I think??).