Apologies, edited my post as I skimmed too fast and realised your % was right.
There's no way AK would EVER go for anything other than cash or shares in exchange. The reality in simple terms is, existing holders may only have 60% but the growth factor goes up via this acquisition.
I would prefer my diluted 60% interest grow by 4x than a 100% interest growing 2x (not actual growth estimates, but just to demonstrate).
I think it also aligns AK more. What happens if QBL somehow raise the cash to buy him out and he decides to walk at the first chance? Shareholders lose, but no difference to AK.
If he has shares, his departure hurts his holdings alot more than anyone else.
QBL Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held
