Hi Ryan
How do you take shares out of circulation, if they are not cancelled?
Under that scenario, EPS doesn't change.
If a company buys its own shares on market and then cancels those shares, EPS rises (but cash falls).
Also, there is nothing preventing a company issuing new shares an an acquisition scenario.
I just can't see how OZL as a company is worth 50% (or there abouts) more under your proposal.
I'm no expert, but I'm sure I'm not minunderstanding this.
Cheers.
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