Ann: Bidder's Statement, page-28

@ 9c/share and $17 odd mil in the bank, the bidder seems to be paying $2.5 mil for the business which is peanuts, IMO.
IMO, the bid should go to at least 12c if YOW is close to being cashflow positive for this Qtr with the prospect of making a few extra mil for the rest calendar year.
The company has a US distribution system so all it needs is a new product for extra incremental revenue @ very little extra costs.
A low cal/healthy Yowie would do the job, IMO.

The 9c/share offer pans out at a NPAT of $2 mil @ a P/E of 10. Double the NPAT doubles the SP, IMO.