Here's a thought...Maybe BOD and management are in...

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Jonnyash

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29/07/22

15:57

Post #: 62814724
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Originally posted by Mr.Lumin: ↑

So, I emailed James Harding (CEO) and this is how it went for those interested.

Me to James:

Hi James,

I'm a shareholder who frequents the forums and on behalf of myself and many others, I'm wondering when we may hear from the board and yourself in regards to the offer?
I'll also take this opportunity to express what seems to be the common opinion amongst the holders I converse with. The offer is too low, and well below what would be a satisfactory offer. Many shareholders have invested long-term with Genex and taken part in capital raises with a long-term view to profitability. The legwork done by the board and the equity invested by the government and the retail holders is worth far more than .23 per share. Long-term GENEX will be a major renewables player in Australia and we hope its profits remain here too. I and many others are hopeful the board shares these views. Hope to hear back soon.

Thank you,

James's reply:

Dear Mr. Lumin (for lack of using my real name),

Thank you for your email below, which I very much appreciate. The Board of Genex is reviewing the proposal received together with its advisors and will keep shareholders updated. I am very happy to receive your feedback, and I have ensured that your views are made known to the Board during the course of their review.

Kind Regards,

James Harding | Chief Executive Officer

It May not be too much to read into... but thought you all may be interested in seeing it.

What do you make of it?

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Here's a thought...Maybe BOD and management are in discussions about whether Skip retains it's 20% equity, but becomes a strategic partner where they provide a significant amount of upfront capital, and retain appropriate split ownership of new assets.

GNX Price at posting: 21.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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Here&apos;s a thought...Maybe BOD and management are in...

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Here's a thought...Maybe BOD and management are in...