Still too low, page-32

Good luck with your arbitrage strategy

youll likely be holding a position which you cannot move on until settlement for quite some time

which means you will be watching the SP swing around without being able to act

after settlement, it’s likely RMS SP will have taken a hit

there goes your arbitrage

the only reason to accept the RMS offer is if you see the merits in their plan

which from what I can see has not been thought out

we have ZERO indication of costs/budgets RMS are using to make this offer

in the DD process they would have had plenty of figures

yet they just came out to essentially say “EXU no good...RMS good”

they are playing a very strategic game here which still reeks of desperation for Feed