After making such massive losses on their attempt to revive NOVA, GComm has decided that now is the time to go for a public share float. I have only heard about this via some rumours but the pieces are starting to come together.
Inayoshi is currently the sole owner of the entire GComm group including G.Ed, G.Meats, G.Beerjoints and G.CramSchools... As such he was (until about last November) quite a wealthy man, but as LetsJapan put it so delicately, NOVA is a sucking chest wound which makes it bleed lots and lots of cash... and it could be responsible for the collapse of the entire empire.
After a few months of such press, Mr. Inayoshi, our revered leader has decided that it might be a good time to float on the stock market... I know it is usually advisable to float the company when things are going OK and interest in the company is high, but, oh well... when you need a cash injection, what are you gonna do?
So don't be surprised to see auditors out in the branches getting ready for the big float, some branches have already reported visits...
How well do you think the float will go? Will it just be a chance for Inayoshi to do a Sahashi and play around with the stock market to make money that isn't really there?
3 comments:
Interesting isn't it that the company is currently forecasting a large increase in the number of schools by next March. The same number NOVA had when it went bust. Why is it interesting? You have suggested that the company is preparing a share float. Maybe it sounds good to possible investors. Who doesn't want to buy shares at a very low rate in anticipation of a massive increase in value towards the end of the year. Hmm well timed news realease methinks.
Anon, thanks for the comment... I just posted something about the expansion plans, as I heard about them today... The news released seems very opportune... doesn't it?
Any information on when the share float will take place?
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