The directors of both OIP and GGX (who are sleeping together) must be extremely arrogant if they think this proposed merger will be allowed to go through without a shareholder vote. Granted that it may be a foregone conclusion if ESG and Ingalls/Snyder back the proposal, but you have to wonder about the intelligence of ESG and I/S if they agree to give away a third of their shareholding to GGX shareholders (who have nothing of value). Bloody hell, if ESG and I/S like GGX so much, why don't they invest in it directly?
OIP Price at posting:
10.0¢ Sentiment: None Disclosure: Held
