If you want to see how conflicted this deal is, just have a look at how it was delivered:
As they say, 'the medium is the message'.
"...Orion Petroleum Limited (Orion) and Gas2Grid Limited (Gas2Grid) JOINTLY announce..."
I think certain parties have got just too greedy and opportunistic with this deal.
A company, so short of cash that it cannot even pay its own directors in cash, proposes merging with a cashed up company, with large and common shareholders.
One of these shareholders poaches the MD from the cashless company, and inserts him into the cashed up company's board.
You can almost see the puppeteers' strings!
If they had suggested a deal that was HALF reasonable to independent OIP shareholders, they might've been able to swing it.
But by getting too greedy, the effect is to mobilise OIP shareholders against the deal.
Some proposals are just so 'indecent', they have to end in a slap.
Y
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