I'm curious to who's buying in over at GCC .....and where that money is going?  IS this loan getting distrubuted fairly or is it going directly into standard drilling billing?  What were discussions like on the board , the one where no one personally has their own skin in the game.....

Was the financing shopped around...I don't think many would be happy with 3rd parties getting control at this point of BGM's assets via a failed loan.  That is the only bright spot for me. Overall I feel Callaghan's mismanagent has led us to this debacle and now he is profiting with a 20% return over 6 monhts with a mess he navigated us into.  

 

Change was needed long before this loan became an issue.  Let's see If the terms are enough to galvanize all the disgruntled shareholders.....  and someone mentioned the loan reduces to 10% after a year....so what ..IF I'm reading things correctly there is to be a 20% interest payment 6 months in no matter what.....

not impressed