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BREAKING: Green Dragon Gas: Imminent Bond Default

By Evil Banksta | Thursday 5 October 2017


Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


It was Tom’s idea to call me “Evil Banksta”, the “Banksta” bit is simple: I work for a global investment bank in corporate finance (which bank is irrelevant as I write here in a personal capacity). The “Evil” bit is Tom’s embellishment, you could never meet a nicer, more honest, investment banker! But this is simply background so that you know where I’m coming from when I write that Green Dragon Gas (GDG) has not a snowball's chance in hell of refinancing its maturing bonds; it is inevitably heading for default.


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