merger agreement terminated, page-12

Shocking news for PRH holders, neutral for SLR

The only real winner will be who ultimately ends up with the PRH assets (free of contractual hindrances)

I'm sorry existing PRH holders but that won't be you. Looks like your dough is just about done

SLR would have used the DD period to great advantage. They will now know the PRH assets and predicament like the back of their hand

I'm still expecting SLR to emerge with the remaining PRH assets in due course. The administrator will know where to come knocking when the fire sale of assets commences

Will be no surprise to me if Les ends up with PRH assets for half of what was originally offered under the SOA

Cheers