gcn ttv and p1

Hey guys,

just wondering with the "imminent" takeover of TTV by P1 and the relationship of GCN with these two entities. If P1 is valueing each TTV share at 4c (40c P1 Share, thus before 10:1 consolidation that gives a 4c value right? correct me if im wrong on that, I haven't really looked into the details of that transaction) is there any reason why TTV has suddenly dropped off like gcn has?

Or is it just macro-economic issues (GFC mk2 etc etc)

IMO TTV should be rising towards that 4c target (as most takeovers do)