Ann: AVL INCREASES SCHEME CONSIDERATION TO BEST & FINAL PROPOSAL, page-55

I really can not see how - based on the average price RCF paid in each company - you can say it’s not a loser !
35c average in AVL? For what $15m+ spend (plus opportunity cost because the money was toed up since 2021)
and this year at TMT around $26.5m spent at an average of just under 3c a share!

How can you say it is a ‘winner’ in agreeing to the merger on these terms?