EDE, page-22

Just my thoughts here, but I could see TAS as the possible takeover target first and then EDE to follow if a takeover was in play?
That should make TAS worth more than it is for sure, but not worth more than EDE.

I once held shares in another company that were spruiking that their 40% ownership should make them worth a lot more than what the SP was, in the end they did make some decent money on what shares they held, they sold their shares at a profit, but the shareholders in that company, didn't get much for their part.

If a company has some decent technology and starts to sell product and there are dividends to be paid out of profits? usually the company does not pay out the whole 100% of what their earnings are, a figure of between 60% to 70% would make some real sense if the company wanted to stay in business and possibly a smaller percentage would be prudent if they were building the company up? lets say they paid 50% of their earnings, TAS would get divvies based on that 50%, the next question is what percentage would TAS pay their shareholders? maybe 60% , I believe this is why the SP is lower than EDE , but one sniff of a takeover and both shares will rise in price I believe?