Originally Posted by michaelbush

I understand that GS were at the Madrid show last week, and still marketing GNG. Were any of the agents here visiting the show and were any questions asked? I am told that they were still only able to take reservations, so I guess they didn't get the last licence yet. The guarantee therefore should be effective if they fail to get the licence. The question I think is what will happen if they do get it before the 12 month deadline, with the current circumstances of the company. I am sure Barclays will be unwilling to rescue investors, in the same way insurance companies always seek to find ways to escape payouts on claims.