hypothetical

Dumb question or not?

Is it true that the parent Co was unable to blend the two local entities right from the start due to taxation issues. (as pointed out by Robin Bromby etc)

Allowing for the fact the parent co. could and would be expected to merge the two at some stage.

So T4P with the corporate action you’ve alluded to… What’s to stop the parent company from merging the two entities by way of TO with INR offering say 30cps to clean up GUJ.
With no buyers and the parent company seemingly determined to drive down the SP are the local directors : Wran/Schoer (ACCC background) etc our insurance policy that this wont happen.

Was that the suggestion that Robin’s article was attempting to progress.

Or is this someone else working the SP down so as to facilitate a full book.

DYOR etc