I wouldn't go as far as to agree with you Offers, but I think it is far to say that Merchant have cocked up on this deal and are most likely regretting it. The ASX not letting them relist wasn't ideal and then pot stocks going off the boil just added to the problem. In saying that though, Andrew and the Merchant team are pretty savvy people so I am sure they have a plan C and D happening as we speak, if not they would have dumped this a long time back, taken the hit and moved on. The concern for us mere minions is, whatever the deal ends up looking like, will it be good for us, or will it only be good for the insiders who are bought in later on. I heard an interview a long while back where Andrew said they were close to putting Marley Spoon into this and dodged a bullet by the deal falling through. I reckon the thinking must be a bit different now
1PG Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
