I focused on replying to TP .. but should have said "thumbs up" for a good and succinct post! They are the 2 main issues ... the lack of independence of directors involved (and thwe fact that GGX is running out of cash) and the price being paid by OIP. We get heavily diluted for a very questionable return. You only have to look at the share price to see what the market thinks of this deal .. its halved since it was announced.
H
OIP Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held