As a JLP shareholder when I saw the news today I had mixed emotions. IF the deal goes through it's good news for us, but very poor form by our BoD to make a late change like this. I am in contact with them so will look for answers as to what happened, will update you if I hear anything.
As for the vote, I may be biased but still believe you can generate a better return with JLP than with an asset sale. Asset sale COULD give you a higher short term return - providing there are buyers. I know there was some previous interest, but who's to say they will stump up fair value.
With JLP your assets could be utilised to help the share price multi bag...as recently as 2011 it was above 30p with a 5 year high of over 50p!
Anyways, sorry you guys have taken another hit here today...hope things work out well for both JLP and PLA.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held