Still wished it was looked at 12 months ago when we had the cash in the bank to do it and a posiible acquistion to double TSI EBITDA without dilution. It was the logical choice at the time. Good to see new board has negoitiated what I believe to be a very nice priced deal IMO.
I also think making it a renouncable rights deal is very fair, rather than a placement to sophs, to current holders and good to see them applying for script, rather than high interest bearing convertible notes as the old board had done.
Cheers
VOR Price at posting:
3.9¢ Sentiment: None Disclosure: Held
