PAL shareholders to vote on Lucio's $505 million lifeline (Th:Oct28)

[heloise23]

@ignissus On SGP I read a post which I cannot find now that at 20% public float for SGP it'll only reach about 8% public ownership for NGCP. Going by those numbers it seems SGP will need to be at 50% public float so NGCP will satisfy 20% public ownership. If this is true it isn't a surprise they layered it this way since the risk of losing control of SGP is very real.

 

[ignissus]

@heloise23 I feel like the SGP owners are just very very sad to see any other person make a peso off of this golden goose that they were gifted by the government.

 

[heloise23]

@ignissus yeah greed is something I forgot