Xan, GGI doesn't hold, they convert. More importantly, they must convert and "dump" enough shares to keep GZ running. The 1Q report shows GZ is still losing money at a tremendous rate and they don't have the cash to support the loss. This is where GGI comes in and the shareholder says, "thank you, may I please have another." So yes, they shed them as fast as they get them. That is why I say I would just sit on the bid and let them dump into it. I do think they hold around 9.9% though. I'm confused why you would say they would give us the money back.. doubtful IMO.
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