Flagging that "after four months of due diligence" Stonepeak and Skip Capital have walked away from their indicative takeover at $0.23/share then $0.25/share and it also appears that Stonepeak have ceased to be substantial holders but it is not clear to me if that interest affects Skip.

Looks like the financials may have been a bit of a mess or not have a clear trajectory at this point in time. There were rumours that another bid would come from elsewhere so will be interesting to see what happens after the dust settles from this. I will be surprised if the sharks don't come back if/when the SP hits 10c again. Time will tell.

DISC. No longer held.

I am still interested in Genex, and have taken a small position recently. I believe even if this falls over and there is more of a drop in SP there is some value and tailwinds that longer term with their operations.

There was damage to some infrastructure recently which has supposedly delayed talks regarding takeover at $0.25 and is now trading under $0.20 representing a relatively quick 20% gain if the sale goes through with the risk that it doesn't progress quickly and/or doesn't proceed resulting in a SP fall.

Fin article here