I agree, the earliest date Creasy can accept is 18 March 2025 (21 days after 25 February 2025) and the last day is 21 March if he wants the 0.98 scrip deal.
The FEX share price has dropped from 30.5c to 27.5c since the proposal. It won't take much to beat it.
Creasy’s waiting strategy is primarily about preserving optional value—he is giving himself maximum flexibility to capitalise on a potentially superior offer or to maximize leverage over Fenix to increase their bid.
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