This is ignoring the €7.3m earn out payment to the vendors. And this hasn't been paid yet. This amount is essentially a 50% premium on the purchase price.
It's also important to note that only 50% of the original purchase was paid upfront in cash and stock, the remainder under vendor finance. Of this, only 1 of 8 repayments have been made so far. Therefore there is perhaps €14m still outstanding assuming the conditions for the earn out are met.
What is Diasource worth? More than €15m, more than €22m? ADO probably paid closer to €25m if you include consult fees, DD and the Canadian CN wreck.
Takeover Target, page-6
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Mkt cap ! $49.79M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $3.965K | 195.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1417631 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 95237 | 1 |
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