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
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