Probably an unintended consequence, but they effectively saved the co from the Perennial dummy spit.
Question is what would Perennial done if they got the two board members in. - probably partake in the CR themselves to get control, then set about reversing the GC21 / MQB deals which they were clearly unhappy about, then embark on asset sales? Was it them who pushed the price down from 4c to 1c in the time period from signing the MQB deal in November to the CR in March in and attempt to get control? Did they know the CR was inevitable and set out to create a cheap entry via the CR? Certainly the selldown intensified in the final weeks.
Probably an unintended consequence, but they effectively saved...
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