Merchant will win through as they are offering better shareholder value proposition - namely sell 1PG asset (there will be a buyer but as to what price.....).....and then backdoor entity with cash / existing shell. $30m pretty enticing warchest to buy some quality backdoor opportunities.
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- "Respectful winding down" 1-Page out, shell to backdoor again - AFR article
"Respectful winding down" 1-Page out, shell to backdoor again - AFR article, page-13
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