InvestorsHub Logo
Followers 5
Posts 860
Boards Moderated 0
Alias Born 05/13/2009

Re: pitts77h post# 29853

Saturday, 12/08/2012 11:03:08 AM

Saturday, December 08, 2012 11:03:08 AM

Post# of 42999
Drivel this:

Like I've been saying for the last two years.
Because of SmartWins failure to notify GSLM (a recurring event) pursuant to the notification clause of 52(b) which states:

"Smart Win must notify GSLM in writing by no later than 5p.m. (Hong Kong Time) on the Option Date which option Smart Win exercises.


Then, the plain language of the above noted notification clause defines that SmartWin has entered into the JV and 52(c) does not apply as it's too darn late! Thus, a JV by default. Simply, for their failure to notify. Read it and drivel...

If Smart Win does not exercise any option, then clause 5.2(c) applies."

Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.