Green Dragon Share Discussion Threads

[asagi] 11/1/2018 15:45

new thread for G3 Exploration here:



Asagi (short G3E)

[srpactive] 20/12/2017 13:55

A

I have no position, but you are sounding a bit desperate, what
price are you short from?

[asagi] 20/12/2017 13:50

AGM resolutions passed:



GDG plans to list the Company's producing assets, within the GSS Production Sharing Contracts (60% interest in GSS Block, and 47% interest in GCZ Block) onto the Hong Kong Stock Exchange as a dividend in specie

so GDG shareholders will be getting shares in this new entity. I cannot believe that this move does not require the agreement of bondholders. If so, how much of the new company will they get and how much is for Green Dragon shareholders?

Asagi (short GDG)

[srpactive] 15/12/2017 10:17

A

I have no position here, but the chart from mid Oct looks interesting,
you must agree.

[asagi] 14/12/2017 15:45

it seems that there is now a new deadline of 19th December, one day before the AGM:

hxxp://www.newsweb.no/newsweb/search.do?messageId=440755

and that the trustee is not to attempt to recover any amounts owing before 'close of business' on December 19th. That's not to say that they will after that date of course. It's not like any previous deadline being missed has had any repercussion.

What patsies these bondholders must be! All the while Green Dragon management can keep taking their salaries etc!

Asagi (short GDG)

[srpactive] 14/12/2017 08:18

50 000 buy.

[asagi] 08/12/2017 15:40

I expect that JakNife would counter that the company is already in default.

Asagi (short GDG)

[srpactive] 08/12/2017 15:21

I do not hold here, but you come across as someone very
desperate for the company to default.

[srpactive] 06/12/2017 10:34

What a disgusting headline, journalism at its best.

[srpactive] 06/12/2017 09:50

As I say I do not hold,

[srpactive] 06/12/2017 09:27

What do you make of this JK, talk of debt free?

I do not hold.

===================================

The proposed equity structure of the YieldCo will comprise of Green Dragon Gas, Green Dragon Gas shareholders and new Hong Kong listed shareholders. The specific equity between shareholders and the record date of such dividend shall be determined by the Board in due course. As a result of the YieldCo, GDG is expected to be debt free as capital raised from the Hong Kong listing is expected to settle all its existing debt obligations. Furthermore, additional equity raised in the Hong Kong listing will contribute to the continued development of the Company's remaining five exploration blocks, with the aim of continuing to develop the Company's large acreage position.

[srpactive] 06/12/2017 09:11

I wonder what all the shorters think of this?

[john henry] 06/12/2017 07:53

Would appear the Bondholders will be repaid via raising new money on HK listing ???

[srpactive] 06/12/2017 07:22

Interesting rns.