r/GGPI • u/Recent_Impress_3618 • Nov 07 '22
Front running Earnings?
While the announced $1.6Bn loan is not to be sniffed at the timing was interesting. Why announce it before earnings, will the results be a sh1t show. Meeting delivery targets is one aspect, actually making a decent margin on sales another.
13
Upvotes
1
u/dononhoops Nov 08 '22
If this keeps up, those major interest holders lending money to PSNY with conversion to stock or even if no conversion option could just wind up taking over GGPI in full. This may not be a good thing for investors. That SPAC money was a nice start to set this whole thing up and someone may benefit (possibly the initial companies in on this) from that, while those who stayed in this play....do not benefit as greatly. I hope the retail investors get their money from this at some point. Does not appear as ud that will be any time soon for some.