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

Industrials Business Services

TSX:GXI.R - Post Discussion

Guestlogix Inc > 40 m gross sale of OpenJaw, 36 m net proceeds
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Post by mingzhu on May 27, 2016 4:51pm

40 m gross sale of OpenJaw, 36 m net proceeds

15 m after paying all secured claims and various charges.

forcast 3.4 m revenue to Aug.5, 2 m negative after less cost

it seems i am too optimistic the shareprice will be in the range of 0.20 to 0.40.

https://www.pwc.com/ca/en/car/guestlogix/assets/guestlogix-085_052516.pdf
Comment by sculpin2 on May 27, 2016 8:21pm
They still need to pay $20mm of debentures before the common shares get anything. I would say the common is a zero at this point unless something changes. 
Guestlogix Inc