News: PGL Prospa Group Says Prospa And Salter Brothers Tech Fund Consortium Sign Scheme, page-3

Absolute farce.

Pemberton - who is obviously on the "independent" committee should resign. What a terrible job she's done. Accepts a lowball offer at the bottom of the cycle and allows the acquirer to use the company's own cash to screw over retail shareholders.

Only protection available to retail shareholders is to roll over the shares instead of taking the cash. Salter brothers, Moshal and Bertoli won't want pesky retail shareholders staying on the register. Might motivate them to make a more reasonable cash offer. Should be around $1.

Will also be interesting to see how hard they work in H2-FY24. If they don't slack off, there is every chance the SP will be north of 45c come August. Who's going to elect to take the 45c in that scenario ...