“The material change event renders Phoenician’s demerger guidance redundant. We think this is a blessing for existing Genesisshareholders who were being walked into a forced marriage by a board and funding syndicate seemingly unwilling to admit the reality that the target’s equity value had rapidly eroded to near worthlessness in the time since thedeal was launched.”
If genesis eventually gets us, we certainly want them to do a good deal as in hoover house. If Genesis screw up the merger then we have a smaller amount of the total. So lets hope they fix the crappy merger up and get a bigger slice of the pie before they swallow us up.
Really - DYOR
DCN Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
