Ann: Letter of Intent from Pendula for NBIO, page-4

well well well

anything short of 75c seems a steal to me, but again, you have to look at what is realistic and I suspect a further 20-25% may be what is on offer which gets us to ~60c

Soprano were quite adamant their offer was final, but if we assume that can generate ~60m for FY24 in revenues, someone with operational leverage should be able to extract 10-20% of that in EBITDA......so lets hope this starts a little bit of a bidding war