totally disagreeSmall percentage of shares on offer have been...

totally disagree

Small percentage of shares on offer have been sold since the takeover announcement

JPower need 75% yes vote for scheme to progress and if that fails they need 90% yes vote for the compulsory off market takeover offer to progress

Most likely scheme gets voted no
then off market takeover reaches over 50.1% meaning jpower will acquire a large percentage of shareholders shares maybe 45-65% but it won't reach the minimum 90% to enact compulsory takeover.

All said and done genex will be owned 50-65% by jpower and 35% odd by shareholders that dig their heels in

in this case those shareholders that dig in will benifit from less shares on market and higher demand on those shares as GNX would have KPH online and see significant rise in revenue and profit per share

this is logical and most likely

Ill be there till the end witnessing and experiencing the upside and ill be around when JPower comes back to the table with a larger and more realistic offer to try and acquire the remaining percentage of GNX they don't already own


Of course, this is all assuming another party doesn't move to block both deals and/or the courts approve the takeover. Both big hurdles that may not even be cleared.