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29/07/22
14:57
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Originally posted by Mr.Lumin:
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So, I emailed James Harding (CEO) and this is how it went for those interested. Me to James:Hi James, I'm a shareholder who frequents the forums and on behalf of myself and many others, I'm wondering when we may hear from the board and yourself in regards to the offer? I'll also take this opportunity to express what seems to be the common opinion amongst the holders I converse with. The offer is too low, and well below what would be a satisfactory offer. Many shareholders have invested long-term with Genex and taken part in capital raises with a long-term view to profitability. The legwork done by the board and the equity invested by the government and the retail holders is worth far more than .23 per share. Long-term GENEX will be a major renewables player in Australia and we hope its profits remain here too. I and many others are hopeful the board shares these views. Hope to hear back soon. Thank you, James's reply:Dear Mr. Lumin (for lack of using my real name), Thank you for your email below, which I very much appreciate. The Board of Genex is reviewing the proposal received together with its advisors and will keep shareholders updated. I am very happy to receive your feedback, and I have ensured that your views are made known to the Board during the course of their review. Kind Regards, James Harding | Chief Executive Officer It May not be too much to read into... but thought you all may be interested in seeing it. What do you make of it?
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Thank you Mr Lumin. I still maintain my view we will get an increased offer of 25-27 cents range and it will be looked at favourably by the Board who no doubt will also play a role in the new entity. I would be pleasantly surprised if the bid got near 30 cents or above. Someone mentioned $1. LOL if its comes in at $1 I'll throw a party for GNX in Sydney.