http://gkpinvestor.proboards.com/index.cgi?action=display&board=analysis&thread=1764&page=1
And from those notes,the following.
Re: simonfishybits: In court Thursday
wktfuture
I attended court for an hour but the statistics explanations started to grate on my nerves a bit.
I can qualify a couple of the fishy tweets by saying
1) the back row of computer monitors on Excalibur's side of the room have been removed. Nice to see a scaling down of the op.
2) re. Akri Bijeel: the price sensitivity has made the barrister ask at the startof the day, for a private hearing related to the AB part of the valuation. SP said he planned to question that valuation at the end of the questioning anyway. The judge decided to continue in public and "tread gingerly"up to that point in time.
It was mentioned that they cannot work out the final valuation for the interested buyer because it is likely there will be a reserves/OIP update imminently which will affect the final price they pay. I am not certain the term "auction" was used here today. Take it with a pinch of salt, but I do think what I heard ties in with expected news. I am not sure but the implication was that there is a buyer waiting. Stating the obvious perhaps, given there are probably a few potential buyers. But thinking about it, I believe a decision must have been made and it is all down to a value after the next update.
One more thing. I re-iterate that I believe we have been correctly guided as to the outcomes for GKP.
I.e. it seems they are pressing ahead as planned with the sale of AB. Todd in the witness box qualified a partial sale of GKP to mean a management buyout, and a complete sale to mean just that.
The world is their oyster. I don't believe we will get ripped off ultimately. I met Todd at court a couple of times and found him very courteous.
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