I am reminded of two more tidbits of information. First, the current company president was appointed six to nine months ago because the previous president had "got into trouble." I don't know what this means, but I can guess there were ramifications to the dividend issue you mentioned earlier. I also deduce from this that there is some moneyed interest holding GPGD stock, and they intend to get some of their investment back. Second, I was explicitly told that GPGD could not afford to develop the property themselves. The September press release says something about seeking financing, but since the merger is going ahead now, I guess they can admit that it was never really feasible. Still watching and hoping...
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