Lets refuse to surrender, page-61

Without the consolidation ratio being known it was always a lucky dip, but if the consol was good and the SP was trading too low, you would have expected that they would reveal the consol ratio to shore up the price...

Without the consol ratio the best that could be done is go by what the 'going rate' for RTOs is. Examples of RTOs I checked were all around $3 to 8 mil in Enterprise Value ie market cap adjusted for net debt. From By those standards this deal falls within the 'fair' range, by which I mean gridComm aren't paying below the going rate for the listing. ODN carried $4mil in debt alone, plus the Market cap will be another $2 or 3 mil.

But Odin Energy should have released the full details, without those there was strong cause for suspicion.