interesting article in the australian about all this.
i wont re post for ip reasons but google it and easy to find full text.
they correctly state that due to the nature of the proposal (cash + capital distribution) 75% of holders need to approve it. given nxt hold 21%, then if 4% dont vote due to just not getting around to it etc, thats enough to make it fail.
other deal/structural options still on the table but im not sure nxt should rush to offer $2 or more.
either way, 360 group win and nxt lose at present: they either overpay or miss out and it undermines security etc.
interesting article in the australian about all this. i wont re...
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