only it's not
the acquisition costs 51.5m shares
plus in the money oppies there's 110m on issue
so it's really $25m, with $3m cash
with very little stock for sale, to buy you're paying $30m. that's a lot of director premium for $30m
call it downramping if you want but I wouldn't be surprised to see $20m well before you see $50m
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