Reality
- this offer will be accepted and this asset is being sold.
- there were 3 lower offers
Question
- what is being done with the money going forward?
An investment decision can't be made on this company until it is known what the intentions are with the $74m. Only then can you work out if value is being added or not.
At some point, you need to draw a line in the sand and understand reality.
$74m offer accepted, page-307
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