If Merchants win, I reckon they'll put their own directors, etc,...

If Merchants win, I reckon they'll put their own directors, etc, on the board and in key positions and imo will suck up cashflow with over inflated wages too (just like 1pg but may be not as bad). Their $2.8m offer (Joanna to remove shares and take 1PG business elsewhere) shows how much they believe in the 1PG platform. I suspect they'll need more than their current stake (%) to get this through. There are likely several 1PG people with stakes (% sh) that may lose out on the wages grazy train if 1PG is exited so will be likely to verhmently oppose what Merchant's want.

Will be interesting to see how it plays out.