|
Written by Alessandra Narayan
|
|
Tuesday, 18 November 2008 |
|
GIIF is having a decisive meeting Wednesday, 12pm SLT at 3rd floor of ISE Exchange to debate Andy Grant’s offer, CEO of GDB, amongst other enterprises –five more, such as Wenden Xeno of SAS; Pablo Sienkiewicz of SIM!; Mart Lupino of FVS ; Casper Trebuchet of LEM; Itchy Gamba of Kush Islands– that also wish to take over the Cadence Juran abandoned investment capital. Still what drives so many interested parties? GIIF owns 25’000 shares in ISE, the fastest growing exchange market, which recently saw its own shares (90% of GIIF’s stock portfolio) go from 3.50 to 5.00, making the shares very valuable but almost unreachable as well. So this has become a unique way to go after ISE’s shares.
The reunion will be commanded by Cocky Dagger, acting CEO of orphan GIIF, as he’s also CEO of ISE. Because Cocky Dagger doesn’t have much time for this situation and his philosophy is to let the market decide with least possible intervention, this is GIIF’s most likely last breathe as liquidation seems to be the most likely destiny: of course there’s always the remote possibility of shareholders reaching an understanding on a specific offer and someone taking over GIIF’s command. Finally, about Andy Grant’s so polemic “aggressive takeover” it was just bluff: GDB CEO’s has proposed to exchange GIIF’s shares for his own shares, which means no real cash involved in this offer.
|
|
Last Updated ( Wednesday, 19 November 2008 )
|
