It will now expedite the orderly disposal of this business. Joanna now has no CEO and no plan. As I said, Game Over for her.
Merchant have control now and there is nothing but upside with SP trading below cash backing.
Just a matter of what they will drop in now which I am sure will be earnings accretive from day one with this very healthy cash balance to plug in.
Sensational outcome.
Can't wait for the next few months. Merchants also won't dilly dally around. This will move very quickly once Joanna and her holding have been removed from the register.
IMO DYOR
1PG Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
