After mulling over these unsecured loans for a day and a half, they continue to leave a wretched taste it my mouth.
GMD management have not protected the interests of the GMD shareholders, they have only seemingly protected the personal interests and liabilities of the directors.
What management team, dedicated to the interests of their shareholders, would advance unsecured loans to another company?
GMD management has effectively set up a house of cards. If LMX or others default on their unsecured loan commitments, it will be GMD that suffers. There is no rocket science in that conclusion.
When I bought GMD, it was for diamond, rare metals and gold exploration potential. These loans in no way benefit the development of GMD's main exploration properties. On the contrary, this series of unsecured loans jeopardizes exploration potential and, in addition, decimates shareholder confidence.
Are there any other special deals that shareholders should know about?
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