It is wrong in a number of ways.
1. (Company with 48M debt and 4 x machines) does not equal 4 x (Company with no debt and 1 x machines).
2. The consideration isn't 48M because you are forgetting the 15% or so of shares to the two directors.
Think about it from the other side:
TSi India gets $48M + the two directors get 15% of the diluted market cap (under escrow). That 15% is not insignificant.
- Forums
- ASX - By Stock
- Ann: Exclusive Option Agreement to Acquire Balance of TSi India-TSN.AX
It is wrong in a number of ways. 1. (Company with 48M debt and 4...
-
- There are more pages in this discussion • 87 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VOR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online