Mostly neutral....however, there is a slight bias toward the positive.
As I see it, the creditor decided the shares ($30 - $34mill worth) had more value than the actual cash/loan and therefore they excercised their rights in the hopes that this investment would re-coup far more money than their original load.
Conversely, on the negative side, Forgame exhibited their inability to forecast their revenue stream to pay their obligations timely.
It appears Forgame didn't follow thru with loan repayment(s) and the creditor decided to exchange the loan for the worth of 5mill collateral shares (th"Relevant Shares") (representing approximately 3.99% of the total number of issued shares.
You may be right on the correction - or not..... Just wishing because I hate to see NTP go down further. If it does, I can't bring myself to average down anymore. These small Chinese companies aren't showing strength like in prior economic cycles.