Well that was my point but I wasn't very clear. When it was originally loaned out, the SP dropped and many thought the money was as good as gone. I think now as a result of this, AIR should get their money back... eventually.
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No question about that now. Its clear that with the new shares issued recently and the stated willingness of new shareholders to be supportive of a capital raise AIR will get their loan repaid in due course, (was only a short term 12 month loan when originally advanced).
Does this mean Nanshan can't buy the AIR shares until HNA pump in their $159m and get new shares - otherwise Nanshan will have more than 20% (a problem?)
What u reckon pt?
It is PT [capitals] :p if you don't mind.
Yes, the HNA thing has to happen before Nanshan thing can happen and this all depends upon Chinese Regulatory approvals.
Otherwise the Nanshan thing would need to be renegotiated or other approvals obtained.
Maybe they will go down to the office together and the first thing and the second thing can happen a few moments apart.
Best Wishes
Paper Tiger
Disc: Will be back in China in July
I sold out today.