Hmm ... there's not a lot of evidence to support that supposition.
Are you sure it was their choice to revert to paying in cash instead of shares?
In any event, the affect upon dilution by paying in cash instead of shares was minuscule (0.1%). And as for listening to, "... shareholders concerns over share dilution", from my observations, most of the concerns that have been raised about dilution and not using available cash reserves to finance the acquisitions etc. have been raised by those who are not holders.
Have a safe and enjoyable Xmas one and all.
Undoubtedly, we will resume our 'discussions' and examinations of QBL after Xmas.