Link is significantly undervalued but the board is refusing to unlock that value by properly divesting PEXA. If the board does plan to properly divest PEXA it has poorly communicated that poorly to the market. If the board does not divest PEXA by in specie transfer or otherwise, it is clear that the board is only looking after themselves - they would rather be on the board of an undervalued Link + PEXA $3 billion entity than a smaller $1.5 billion Link ex PEXA.
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PEXA Listing, page-166
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