TAKEOVERS PANEL and the INDEPENDENT EXPERT REPORT., page-57

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tubbyguts

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29/04/24

11:30

Post #: 73555578
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Originally posted by howiepatr16: ↑

I put these questions to Mr Francis.

Questions for GNX Webinar; 11.00am, 29 April2024.

There are reasons to believe that the “fair and reasonable SHAREHOLDER VALUE”, supported by the Genex IBC, was manipulated by the flow of information from the J - Power influenced Genex Board. The most blatantly obvious manipulation was the withholding of information about the Boulderscome Battery. How much was the VWAP negatively impacted by non-disclosure?

Five questions:-

1.Goldman Sachs were financial advisers to GNX in the 25 cent Skip Capital takeover bid. What evidence did Goldman Sachs produce for the Genex IBC to support the 27.5 cent J - Power bid given all the financial negotiations, physical work and de-risking of the K2H project done by GNX since July 2022?

2.Has the Chairman of GNX, Dr Craven, received notice that ASIC has registered a Report of Misconduct concerning manipulation of the market by the board’s withholding of information, (to impact the VWAP figures used by J - Power), particularly about K2H, the NAIF concessional loan and Boulderscome Battery?

3.How might the Report of Misconduct and associated request for the involvement of the Takeovers Panel in the takeover bid process impact upon the plans by Genex and J - Power for the takeover?

4,What has been the motive for the Kidston/Craven/Seshimo board failure to provide information about the physical and financial performance of the Boulderscome Battery?

5.Why is the K2-Hydro Senior Debt shown as being secured by the State of Queensland?

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not quite what I asked, but never one not to take an opportunity are you lol.

GNX Price at posting: 27.0¢ Sentiment: Hold Disclosure: Held
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TAKEOVERS PANEL and the INDEPENDENT EXPERT REPORT., page-57

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