Ann: Acquisition of Australian Petro Chemical Storage, page-16

If the multiple is 3.7x, that's a 27% yield! Sure, some of that needs to be put back into the business etc.

Have you considered the fact that DGL raised money at $1, essentially used all of this capital to make acquisitions, then issued scrip at prices all the way up to its peak to make further acquisitions.

You get to buy the entire lot or entire portfolio of companies for a 50%, 70%, 75%, 80% discount at $0.55, and people don't want to.

Just let that sink in for a moment. What if you were a particularly large vendor who sold your business to DGL, you could buy it back at 25c on the dollar. Not only that, you get to buy other people's businesses for 25c on the dollar.

Far out!

And people are afraid of the stock.